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HI SB3095

HI SB3095
Relating To The Hawaii Employer-union Health Benefits Trust Fund Investment Office Staff Salaries.


summary

Introduced
01/28/2026
In Committee
02/20/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Enables the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund to establish appropriate salaries for the investment officers and investment analysts of the Trust Fund. Effective 1/1/2077. (SD1)

AI Summary

This bill, effective January 1, 2077, allows the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund (HEBTF) to set salaries for its investment officers and investment analysts, recognizing that private sector compensation for such roles is significantly higher and that this authority is needed to attract and retain qualified staff to manage the fund's substantial investments. The HEBTF is a trust fund that provides health benefits to Hawaii's employers and their unionized employees, and this change aligns its salary-setting power for investment personnel with that of the employees' retirement system.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (1)

Last Action

Senate Ways and Means Decision (10:31:00 3/2/2026 Conference Room 211 & Videoconference) (on 03/02/2026)

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