STAND. COM. REP. NO. 355

Honolulu, Hawaii

RE: S.B. No. 1313

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1313, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND,"

begs leave to report as follows:

The purpose and intent of this measure is to authorize the board of trustees of the Hawaii Employer-union health benefits trust fund to establish the salaries of the trust fund's administrator and chief investment officer.

Your Committee received written comments in support of this measure from the Hawaii Employer-Union Health Benefits Trust Fund.

Your Committee finds that authorizing the board of trustees of the Hawaii employer-union health benefits trust fund to establish appropriate salaries for upper-management personnel will allow the board to recruit and retain the most qualified individuals to administer the daily activities of the trust fund.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1313, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair