Hawaii makes significant gains to rebuild financial reserves
Hawaii 24/7 (press release)
With the signing of three bills, the State of Hawaii committed to making good on its past and future obligations.
The new laws help fund the Hurricane Relief fund and help create a funding mechanism for the Hawaii Employer-Union Health Benefits Trust Fund. State Finance Director Kalbert Young tells "Hawaii 24/7" that "Hawaii will be the only state in the country where government employees have a statutory required mandated funding course toward 100 percent pre-funding for post-employment benefit liabilities." This could be game changer for the state’s unfunded liabilities. Aloha, Russ.
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