Bill Text: HI HB1187 | 2019 | Regular Session | Introduced
Bill Title: Relating To The Employees' Retirement System.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2019-04-22 - Received notice of Senate conferees (Sen. Com. No. 948). [HB1187 Detail]
Download: Hawaii-2019-HB1187-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1187 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. There is appropriated from other funds of the employees' retirement system pension trust (BUF141) for fiscal biennium 2019-2021, the additional sum of $3,397,227 for fiscal year 2019-2020 and the additional sum of $1,957,257 for fiscal year 2020-2021, to be expended as follows:
(1) $2,824,388
for fiscal year 2019-2020 and $1,153,800 for fiscal year 2020-2021 for
mandatory migration of the employees' retirement system's information technology systems to the cloud
and maintenance of software compliance for ongoing operation of these systems;
(2) $104,000
for fiscal year 2019-2020 and $159,000 for fiscal year 2020-2021 for actuarial
services required by Act 85, Session Laws of Hawaii 2017, and associated increased
legal costs;
(3) $130,580
for fiscal year 2019-2020 and $256,630 for fiscal year 2020-2021 for one
full-time equivalent (1.0 FTE) permanent investment officer position for the employees'
retirement system's $17,000,000,000
investment portfolio;
(4) $82,677 for fiscal year 2019-2020 and $157,744 for fiscal year 2020-2021 for two full-time equivalent (2.0 FTE) permanent retirement claims examiner positions in the retirement benefits branch to provide the services requested from the employees' retirement system's membership and meet increased workload demands and service standards for the system's growing membership base;
(5) $105,582 for fiscal year 2019-2020 and $207,583 for fiscal year 2020-2021 for two full-time equivalent (2.0 FTE) temporary information technology positions in the information systems branch to complete upgrade requirements and implement mandatory statutory changes; and
(6) $150,000 for fiscal year 2019-2020 and $22,500 for fiscal year 2020-2021 for an automated call distribution telephone system to replace the existing outdated telephone system.
The sums appropriated shall be expended by the employees' retirement system for the purposes of this Act.
SECTION 2. This Act shall take effect on July 1, 2019.
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INTRODUCED BY: |
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Report Title:
Employees' Retirement System; Authorization of Other Funds
Description:
Authorizes from other funds of the Employees' Retirement System Pension Trust (BUF141) for fiscal biennium 2019-2021, the additional sum of $3,397,227 for fiscal year 2019-2020 and the additional sum of $1,957,257 for fiscal year 2020-2021 for various ERS operating costs and services.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
