Fixing Hawaii’s Public Employees’ Pension Plan

·By Colbert Matsumoto and Wesley Machida

No one can credibly assert that maintaining the status quo is a way to deal with the retirement system’s unfunded liability.

About the Authors

Civil Beat Staff

Colbert Matsumoto

Colbert Matsumoto is the Chairman of the Board of Trustees of the Employees’ Retirement System of the State of Hawaii since January 2011. He was first appointed as a trustee by Governor Benjamin Cayetano in 2001 and reappointed in 2007 by Governor Linda Lingle. He served as the court-appointed master for Bishop Estate/Kamehameha Schools during the controversy-filled “Broken Trust” period from 1996 to 2000. Matsumoto graduated from a public school on Lanai and completed his post-secondary education on the mainland. He passed the bar examination in 1978 and was licensed as an attorney but no longer actively practices law.
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