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Hawaii makes significant gains to rebuild financial reserves – Hawaii 24/7 (press release)

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See on Scoop.itPRG HAWAII NEWS WITH RUSS ROBERTS

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.

Russell Roberts‘s insight:

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.

See on www.hawaii247.com

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