HRS §37B-3
Paying extra to reduce future state retiree health costs
This section lets the legislature choose to pay more than the state's required yearly amount for retiree health benefits. The extra money goes into a special trust fund to lower future costs. It cannot be used for county costs.
state agencies
The statute, as written — Prepayment of other post-employment benefit liability
(a) To comply with article VII, section 6, of the Constitution of the State of Hawaii, the legislature may prepay the State's other post-employment benefit liability. When choosing to do so, the legislature shall appropriate general funds to be expended to pay more than the annual required contribution owed by the State for a fiscal year in order to reduce future annual required contributions to amortize the unfunded other post-employment liability of the State. (b) For the purpose of this section, the "annual required contribution owed by the State for a fiscal year" means the annual required contribution owed by the State for the fiscal year as determined by the board of trustees of the Hawaii employer-union health benefits trust fund under section 87A-43. (c) An appropriation of general funds to pay more than the annual required contribution owed by the State for a fiscal year shall be deposited into the trust fund for other post-employment benefits established under section 87A-42. (d) In no case shall an appropriation of general funds made pursuant to this section be expended for or credited to any cost or liability of a county under chapter 87A.
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