WeVote
Log In

Bill

Bill

SB 3095

RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND INVESTMENT OFFICE STAFF SALARIES.

2026 Regular Session Introduced by Ron Kouchi

SB 3095 authorizes salary adjustments for Hawaii Employer-Union Health Benefits Trust Fund Investment Office staff to improve recruitment and retention of qualified investment professionals.

Bill scheduled to be heard by LAB on Thursday, 03-19-26 9:35AM in House conference room 309 VIA VIDEOCONFERENCE.
#hawaiiemployer-unionhealthbenefitstrustfund #investmentofficestaffsalarydetermination
0
WeVote Research Nonpartisan
Bill Summary · SB 3095

Legislative bill overview

SB 3095 authorizes adjustments to staff salaries at the Hawaii Employer-Union Health Benefits Trust Fund Investment Office. The bill aims to ensure competitive compensation for investment professionals managing the trust fund's assets and operations.

Why is this important

The Hawaii Employer-Union Health Benefits Trust Fund manages healthcare benefits for public employees and retirees—a critical program affecting thousands of workers. Competitive salaries help attract and retain qualified investment professionals who can effectively manage the fund's portfolio and protect long-term benefit solvency.

Potential points of contention

  • Cost implications: Salary increases represent additional expenses that could pressure the fund's finances or require higher contributions from employers and employees
  • Market competitiveness justification: Questions about whether Hawaii's investment office genuinely struggles with recruitment/retention compared to peer organizations
  • Transparency and oversight: Specifics on salary ranges, justification metrics, and approval authority may warrant legislative scrutiny to prevent excessive compensation

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.