HI HB1015

Authorizes the board of trustees of the Hawaii Employer-Union Health Benefits Trust Fund to set salaries for the trust fund administrator and chief investment officer, rather than having those salaries determined by standard state employment rules.

Allows the board to establish compensation that is competitive with private sector salaries in order to attract and retain qualified management personnel.

Modeled after similar statutory authority granted to the board of trustees of the employees' retirement system under section 88-29, Hawaii Revised Statutes.

Takes effect on June 29, 2023, with amendments to section 87A-24 preserved when that section is reenacted on June 30, 2023, pursuant to Act 229, Session Laws of Hawaii 2021.