SB3095 • 2026

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

Labor

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: KOUCHI (Introduced by request of another party)
Last action: 2026-03-24
Official status: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Gedeon, Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Pierick voting no (3) and Representative(s) Garrett, Quinlan excused (2).
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

What This Bill Does

RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND INVESTMENT OFFICE STAFF SALARIES.
Hawaii Employer-Union Health Benefits Trust Fund; Investment Office Staff Salary Determination Authorizes the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund to establish appropriate salaries for the investment officers and investment analysts of the Trust Fund.
Effective 7/1/3000.
(HD1)

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HD1

Hawaii published version HD1

Plain English: SB3095 HD1 THE SENATE S.B.

SB3095 HD1 THE SENATE S.B.
NO.
3095 THIRTY-THIRD LEGISLATURE, 2026 S.D.
1 STATE OF HAWAII H.D.

SD1

Hawaii published version SD1

Plain English: SB3095 SD1 THE SENATE S.B.

SB3095 SD1 THE SENATE S.B.
NO.
3095 THIRTY-THIRD LEGISLATURE, 2026 S.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND INVESTMENT OFFICE STAFF SALARIES.

Bill History

2026-03-24 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Gedeon, Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Pierick voting no (3) and Representative(s) Garrett, Quinlan excused (2).
2026-03-24 H
Reported from LAB (Stand. Com. Rep. No. 1367-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2026-03-19 H
The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela, Kong; Ayes with reservations: Representative(s) Reyes Oda; 0 Noes: none; and 0 Excused: none.
2026-03-16 H
Bill scheduled to be heard by LAB on Thursday, 03-19-26 9:35AM in House conference room 309 VIA VIDEOCONFERENCE.
2026-03-10 H
Referred to LAB, FIN, referral sheet 16
2026-03-10 H
Pass First Reading
2026-03-06 H
Received from Senate (Sen. Com. No. 107) in amended form (SD 1).
2026-03-06 S
Report Adopted; Passed Third Reading. Ayes, 21; Aye(s) with reservations: none. Noes, 3 (Senator(s) Awa, DeCorte, Fevella). Excused, 1 (Senator(s) Ihara). Transmitted to House.
2026-03-05 S
One Day Notice 03-06-26.
2026-03-05 S
Reported from WAM (Stand. Com. Rep. No. 2727) with recommendation of passage on Third Reading.
2026-03-02 S
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-02-27 S
The committee on WAM has rescheduled its decision making to 03-02-26 10:02AM; CR 211 & Videoconference.
2026-02-23 S
The committee(s) on WAM will hold a public decision making on 03-02-26 10:31AM; Conference Room 211 & Videoconference.
2026-02-20 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2026-02-20 S
Reported from LBT (Stand. Com. Rep. No. 2539) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2026-02-18 S
The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in LBT were as follows: 3 Aye(s): Senator(s) Elefante, Lamosao, Moriwaki; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Ihara, Fevella.
2026-02-13 S
The committee(s) on LBT has scheduled a public hearing on 02-18-26 3:01PM; Conference Room 225 & Videoconference.
2026-01-30 S
Referred to LBT, WAM.
2026-01-28 S
Passed First Reading.
2026-01-28 S
Introduced.
2026-01-26 S
Pending Introduction.

Official Summary Text

RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND INVESTMENT OFFICE STAFF SALARIES.
Hawaii Employer-Union Health Benefits Trust Fund; Investment Office Staff Salary Determination
Authorizes the Board of Trustees of the Hawaii Employer-Union Health Benefits Trust Fund to establish appropriate salaries for the investment officers and investment analysts of the Trust Fund. Effective 7/1/3000. (HD1)

Current Bill Text

Read the full stored bill text

SB3095

THE SENATE

S.B. NO.

3095

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

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

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION 1.
�
The
legislature finds that salaries for investment professionals in the private
sector far outpace those offered in state employment, making it difficult to
attract and retain qualified investment staff.
�

The legislature further finds that, in order for the board of trustees
of the Hawaii employer-union health benefits trust fund to effectively recruit
and retain the most capable individuals to invest and manage its $9,500,000,000
investment portfolio, the board should be allowed to establish appropriate
salaries for the trust fund's investment office staff.

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Accordingly, the purpose of this Act is to
authorize the board of trustees of the Hawaii employer-union health benefits
trust fund to establish salaries for the trust fund investment office personnel
that are commensurate with the private sector, consistent with section 88-29.5,
Hawaii Revised Statutes, which provides the board of trustees of the employees'
retirement system with similar powers.

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SECTION 2.
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Section 87A-24, Hawaii Revised Statutes, is amended to read as follows:

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"
�87A-24
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Other powers.
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In addition to the power to administer the fund, the board may:

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(1)
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Collect,
receive, deposit, and withdraw money on behalf of the fund;

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(2)
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Invest
moneys in the same manner specified in section 88-119;

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(3)
�
Hold,
purchase, sell, assign, transfer, or dispose of any securities or other
investments of the fund, as well as the proceeds of those investments and any
money belonging to the fund;

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(4)
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Appoint,
and at pleasure dismiss, an administrator and other fund staff.
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The administrator shall be exempt from
chapter 76.
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Other fund staff may be
exempt from chapter 76 as determined by the board.
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The administrator and staff who are exempt
from chapter 76 shall serve under and at the pleasure of the board; provided
that civil service exempt positions under this section that are created after
July 1, 2014, shall be exempt from section 76-16(b)(17)(A);
provided
further that the salaries of the administrator [
and
]
,
chief
investment officer
, investment officers, and investment analysts
shall
be set by the board;

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(5)
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Make
payments of periodic charges and pay for reasonable expenses incurred in
carrying out the purposes of the fund;

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(6)
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Contract
for the performance of financial audits of the fund and claims audits of its
insurance carriers;

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(7)
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Retain
auditors, actuaries, investment firms and managers, benefit plan consultants,
or other professional advisors to carry out the purposes of this chapter,
including the retaining of an actuary to determine the annual required public
employer contribution for the separate trust fund established under section
87A-42;

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(8)
�
Establish
health benefits plan and long-term care benefits plan rates that include
administrative and other expenses necessary to effectuate the purposes of the
fund; and

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(9)
�
Require
any department, agency, or employee of the State or counties to furnish
information to the board to carry out the purposes of this chapter."

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SECTION 3.
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Statutory material to be repealed is bracketed and stricken.
�
New statutory material is underscored.

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SECTION 4.
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This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________

BY REQUEST

Report Title:

Hawaii Employer-Union Health Benefits Trust Fund;
Investment Office Staff Salary Determination

Description:

Enables the Board of Trustees of the Hawaii Employer-Union
Health Benefits Trust Fund to establish appropriate salaries for the investment
office staff of the Trust Fund.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.