31st Legislature, 2021
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HB887 HD1     
Report Title: Other Post-Employment Benefits; Unfunded Liability; EUTF
Description: Establishes the Rate Stabilization Reserve Fund within the Hawaii Employer-Union Health Benefits Trust Fund to help subsidize the costs of providing health and other benefit plans for active employees and retirees and their beneficiaries. Caps employer contributions to the OPEB trust fund, which are made to prefund the unfunded actuarial accrued liability of the EUTF, when the separate accounts for each public employer within the OPEB trust fund have a combined balance of at least $2,000,000,000. If OPEB trust fund balance is at least $2,000,000,000 then public employer annual contributions of $300,000,000 shall be paid to the Employees' Retirement System to pay down ERS unfunded liabilities. Provides for the use of a portion of transient accommodations tax revenues to supplement deficient county public employer contribution amounts. (HB887 HD1)
Package: None
Current Referral: LBR, WAM

Sort by Date Status Text
1/23/2017HPending introduction.
1/25/2017HPass First Reading
1/27/2017HReferred to LAB, FIN, referral sheet 4
1/30/2017HRe-referred to FIN, referral sheet 7
2/22/2017HBill scheduled to be heard by FIN on Friday, 02-24-17 2:00PM in House conference room 308.
2/24/2017HThe committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Luke, Cullen, Cachola, Choy, DeCoite, Gates, Holt, Keohokalole, Kobayashi, Lowen, Nakamura, Quinlan, Yamashita, Tupola, Ward; Ayes with reservations: Representative(s) Tokioka; Noes: none; and 1 Excused: Representative(s) LoPresti.
3/3/2017HReported from FIN (Stand. Com. Rep. No. 836) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
3/3/2017HPassed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Ichiyama, McDermott, Nakashima excused (3).
3/7/2017HPassed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Ichiyama excused (1). Transmitted to Senate.
3/9/2017SReceived from House (Hse. Com. No. 302).
3/9/2017SPassed First Reading.
3/9/2017SReferred to JDL, WAM.
11/30/2017DCarried over to 2018 Regular Session.
1/17/2018SRe-Referred to LBR, WAM.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB887 HD1

No hearings scheduled