87A-27 Actuarial investigation; valuations.
§87A-27 Actuarial investigation; valuations. Beginning on July 1, 2017, the actuary retained by the board pursuant to section 87A-42 shall make an annual valuation of the assets and liabilities of the fund based on tables and other factors adopted by the board annually. The annual valuation shall include an update of assumptions specific to the […]
87A-30 Hawaii employer-union health benefits trust fund; establishment.
§87A-30 Hawaii employer-union health benefits trust fund; establishment. There is established outside the state treasury, a trust fund to be known as the “Hawaii Employer-Union Health Benefits Trust Fund”. The fund shall consist of contributions, interest, income, dividends, refunds, rate credits, and other returns. It is hereby declared that any and all sums contributed or […]
87A-31 Trust fund; purpose.
§87A-31 Trust fund; purpose. (a) The fund shall be used to provide employee-beneficiaries and dependent-beneficiaries with health and other benefit plans, and to pay administrative and other expenses of the fund. All assets of the fund are and shall be dedicated to providing health and other benefits plans to the employee-beneficiaries and dependent-beneficiaries in accordance […]
87A-31.1 Public employers; defined. For the purposes of this part, "public employer" means a governmental entity whose employees’, beneficiaries’, and retirees’ health benefits coverage is provided through the fund. [L 2013, c 268, pt of §6]
§87A-31.1 Public employers; defined. For the purposes of this part, “public employer” means a governmental entity whose employees’, beneficiaries’, and retirees’ health benefits coverage is provided through the fund. [L 2013, c 268, pt of §6]
87A-31.5 Employer contributions irrevocable.
§87A-31.5 Employer contributions irrevocable. Notwithstanding any law to the contrary, all of the monthly contributions that the State and counties make to the fund under sections 87A-32, 87A-33, 87A-34, 87A-35, 87A-36, and 87A-37, and all other contributions that the State and counties may make to the fund, shall be irrevocable; provided that this shall not […]
87A-32 State and county contributions; active employees.
§87A-32 State and county contributions; active employees. (a) The State, through the department of budget and finance, and the counties, through their respective departments of finance, shall pay to the fund a monthly contribution equal to the amount established under chapter 89C or specified in the applicable public sector collective bargaining agreements, whichever is appropriate, […]
87A-33 State and county contributions; retired employees.
§87A-33 State and county contributions; retired employees. (a) Notwithstanding any law to the contrary, this section shall apply to state and county contributions to the fund for: (1) The dependent-beneficiary of an employee who is killed in the performance of duty; (2) A dependent-beneficiary, upon the death of the employee-beneficiary, except as provided in section […]
87A-1 Definitions.
§87A-1 Definitions. As used in this chapter: “Board” means the board of trustees of the Hawaii employer-union health benefits trust fund described in section 87A-5. “Carrier” means a voluntary association, corporation, partnership, or organization engaged in providing, paying for, arranging for, or reimbursing the cost of, health benefits or long-term care benefits under group insurance […]
87A-5 Composition of board.
§87A-5 Composition of board. [See explanatory note below.] The board of trustees of the employer-union health benefits trust fund shall consist of ten trustees appointed by the governor in accordance with the following procedure: (1) Five trustees, one of whom shall represent retirees, to represent employee-beneficiaries and to be selected as follows: (A) Three trustees […]
87A-6 Term of a trustee; vacancy.
§87A-6 Term of a trustee; vacancy. [See explanatory note below.] The term of office of each trustee shall be four years; provided that a trustee may be reappointed for one additional consecutive four-year term. A vacancy on the board shall be filled in the same manner as the trustee who vacated that position was nominated […]