STAND. COM. REP. NO.  811-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2491

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2491, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND,"

 

begs leave to report as follows:

 

     The purpose of this measure is to ensure that the Hawaii Employer-Union Health Benefits Trust Fund meets the requirements of the Government Accounting Standards Board regarding other post employment benefits trusts.  Specifically, this measure authorizes the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund to create a trust fund for the purpose of receiving employer contributions that will prefund post-employment health and other benefit costs for retirees and their beneficiaries.

 

     The Department of Budget and Finance, the Hawaii Employer-Union Health Benefits Trust Fund, the City and County of Honolulu Department of Budget and Fiscal Services, and the Kauai County Council supported this measure.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2491, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair