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HI SB3095
Bill
Status
3/6/2026
Primary Sponsor
Ronald Kouchi
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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 difficulty recruiting and retaining qualified investment professionals due to state government salaries lagging significantly behind private sector compensation
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Amends Section 87A-24 of the Hawaii Revised Statutes to expand the board's salary-setting authority for investment office personnel
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Aligns the trust fund's compensation authority with similar powers already granted to the Employees' Retirement System board under section 88-29.5
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Effective date of January 1, 2077
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
Bill scheduled to be heard by LAB on Thursday, 03-19-26 9:35AM in House conference room 309 VIA VIDEOCONFERENCE.
3/16/2026