Friday, February 23, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, December 11, 2014
Senate Briefing on ERS Financial Status
By News Release @ 3:33 AM :: 4104 Views :: Hawaii State Government

THE SENATE INTERIM OF 2014

COMMITTEE ON WAYS AND MEANS

  • Senator Jill N. Tokuda, Chair
  • Senator Ronald D. Kouchi, Vice Chair

COMMITTEE ON JUDICIARY AND LABOR

  • Senator Gilbert S.C. Keith-Agaran, Chair
  • Senator Maile S.L. Shimabukuro, Vice Chair

NOTICE OF INFORMATIONAL BRIEFING

  • DATE: Thursday, December 11, 2014
  • TIME: 9:00am
  • PLACE: Conference Room 211, State Capitol, 415 South Beretania Street

A G E N D A

The purpose of this informational briefing is to provide the legislature with an update on the ERS' financial status and actuarial valuation report prepared by Gabriel Roeder Smith and Company (GRS).

The primary purpose of the ERS' actuarial analysis is to determine the adequacy of the current ERS employer contribution rates through measuring the resulting funding period, to describe the current financial condition of the ERS and the EUTF, and to analyze changes in the condition of both agencies. GRS prepares ERS valuation reports annually as of June 30th, the last day of the ERS' plan year and fiscal year. EUTF Actuarial Reports are prepared every two years, the most recent completed for July 1, 2013. These reports also provide information required by the ERS and EUTF in connection with Governmental Accounting Standards Board (GASB) requirements.

During this presentation GRS will review:

  • ERS' Valuation Results as of June 2014
  • ERS' Unfunded and Pensions Liabilities
  • Investment Returns and Funding
  • Cost-Sharing Plans
  • GASB Requirements (including GASB 68)
  • EUTF Valuation Results as of July 1, 2013
  • EUTF OPEB Assets and Liabilities
  • Act 268, SLH 2013, OPEB Contributions for FY2014-2015 and FY2015-2016

LINK: Briefing Materials

No public testimony will be accepted.

If you require auxiliary aids or services to participate in the informational briefing (i.e. ASL or foreign language interpreter, or wheelchair accessibility), please contact the committee clerk at least 24 hours prior to the briefing so that arrangements can be made.

For further information, please call the Committee Clerk at 586-6800.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT