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HI HB2276
Bill
Status
3/5/2026
Primary Sponsor
Nadine Nakamura
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AI Summary
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Authorizes the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund to set salaries for investment officers and investment analysts, in addition to the administrator and chief investment officer whose salaries the board already controls
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Addresses recruitment and retention challenges for the trust fund's $9.5 billion investment portfolio by allowing salaries competitive with private sector investment professionals
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Amends Section 87A-24 of the Hawaii Revised Statutes to expand the board's salary-setting authority to additional investment office staff positions
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Investment office staff positions covered under this authority are exempt from civil service requirements under Chapter 76 and serve at the pleasure of the board
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Effective date set for July 1, 3000 (placeholder date indicating further legislative action needed)
Legislative Description
Relating To The Hawaii Employer-union Health Benefits Trust Fund Investment Office Staff Salaries.
Hawaii Employer-Union Health Benefits Trust Fund
Last Action
The committee(s) on LBT recommend(s) that the measure be PASSED, UNAMENDED. The votes in LBT were as follows: 4 Aye(s): Senator(s) Elefante, Lamosao, Ihara, Moriwaki; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
3/16/2026