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

Loading Fixing Hawaii’s Public Employees’ Pension Plan

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About the Authors

  • 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.
  • Wesley Machida