§37B-3 Prepayment of other post-employment benefit liability.
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/hi/37b-3-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§37B-3 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. [L 2017, c 6, pt of §2; am L 2021, c 229, §§6, 9]