HI HB887 | 2018 | Regular Session

Note: Carry Over of previous HB887

Status

Spectrum: Strong Partisan Bill (Democrat 11-1)
Status: Engrossed on March 7 2017 - 50% progression, died in committee
Action: 2018-01-17 - Re-Referred to LBR, WAM.
Pending: Senate Labor Committee
Text: Latest bill text (Amended) [HTML]

Summary

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)

Tracking Information

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Title

Relating To Unfunded Liabilities.

Sponsors


History

DateChamberAction
2018-01-17SenateRe-Referred to LBR, WAM.
2017-11-30 Carried over to 2018 Regular Session.
2017-03-09SenateReferred to JDL, WAM.
2017-03-09SenatePassed First Reading.
2017-03-09SenateReceived from House (Hse. Com. No. 302).
2017-03-07HousePassed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Ichiyama excused (1). Transmitted to Senate.
2017-03-03HousePassed 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).
2017-03-03HouseReported 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.
2017-02-24HouseThe 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.
2017-02-22HouseBill scheduled to be heard by FIN on Friday, 02-24-17 2:00PM in House conference room 308.
2017-01-30HouseRe-referred to FIN, referral sheet 7
2017-01-27HouseReferred to LAB, FIN, referral sheet 4
2017-01-25HousePass First Reading
2017-01-23HousePending introduction.

Same As/Similar To

HB887 (Carry Over) 2017-03-09 - Referred to JDL, WAM.

Subjects


Hawaii State Sources


Bill Comments

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