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HI HB2276

HI HB2276
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 office staff of the Trust Fund. Effective 7/1/3000. (HD1)

AI Summary

This bill allows the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund (HEBTF), which manages a substantial $9.5 billion investment portfolio, to set salaries for its investment office staff, including the chief investment officer, investment officers, and investment analysts. This change is intended to help the HEBTF attract and retain qualified investment professionals by offering salaries that are competitive with those in the private sector, as current state salaries are often lower. The bill amends existing law to grant this authority to the board, and it is set to take effect on July 1, 3000.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (1)

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). (on 02/20/2026)

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