Q&A With Top State Pension Administrators

Employees' Retirement System

Civil Beat met with Employees' Retirement System administrators to discuss the state of Hawaii's $10.2 billion pension fund and its $6.2 billion unfunded liability. What follows is an edited transcript of that meeting. We are also publishing an article summarizing the interview and an updated topic page — a quick way to learn about this issue — with more detailed descriptions of concepts raised in this Q&A.

The top administrator, David Shimabukuro took the lead on most of these questions. But Assistant Administrator Wesley Machida and Chief Investment Officer Rodney June were also present. Where it is not Shimabukuro speaking, the change is noted.

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