Bill Text: HI HB802 | 2013 | Regular Session | Introduced
Bill Title: Employer-Union Health Benefits Trust Fund; Other Post-Employment Benefits Trust
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-01-24 - Referred to LAB, FIN, referral sheet 5 [HB802 Detail]
Download: Hawaii-2013-HB802-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
802 |
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TWENTY-SEVENTH LEGISLATURE, 2013 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND OTHER POST-EMPLOYMENT BENEFITS TRUST FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 87A-42, Hawaii Revised Statutes, is amended to read as follows:
"[[]§87A-42[]]
Other post-employment benefits trust. (a) Notwithstanding
sections 87A-31 and 87A-31.5, the board, upon terms and conditions set by the
board, may establish and administer a separate trust fund for the purpose of
receiving employer contributions that will prefund other post-employment health
and other benefit plan costs for retirees and their beneficiaries. If a fund
is established, it shall meet the requirements of the Government Accounting
Standards Board regarding other post-employment benefits trusts. Employer
contributions to the separate trust fund shall be irrevocable, all assets of
the fund shall be dedicated exclusively to providing health and other benefits
to retirees and their beneficiaries, and assets of the fund shall not be
subject to appropriation for any other purpose and shall not be subject to
claims by creditors of the employers or the board or plan administrator. The
board's powers under section 87A-24 shall also apply to any fund established
pursuant to this section.
(b) If the board establishes a separate trust fund, as described in subsection (a), monthly contributions shall be made to the separate trust fund as follows:
(A) The State, but not the counties, shall, contribute to the separate trust fund $1 for each active State employee to prefund other post-employment health and other benefit plan costs for retirees and their beneficiaries.
(B) Each active State employee enrolled in a health benefits plan provided under this chapter shall, contribute to the separate trust fund $1 to prefund other post-employment health and other benefit plan costs for retirees and their beneficiaries. State employees shall have the option of making this monthly contribution in a pre-taxed or post-taxed manner."
SECTION 2. This Act shall not require the counties or their employees to make any particular level of contributions to the Hawaii employer-union health benefits trust fund now or in the future, but only requires that the State and its employees pay to the Hawaii employer-union health benefits trust fund contributions for purposes of prefunding other post-employment benefits.
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
Employer-Union Health Benefits Trust Fund; Other Post-Employment Benefits Trust
Description:
Requires the State of Hawaii and its employees, but not the counties and their employees, to make monthly contributions to the Hawaii employer-union health benefits trust fund separate trust fund established to prefund other post-employment benefits if such a fund is established.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
