Legislation is advancing that would require full disclosure about officers who get suspended for misconduct.
Anyone who has ever worked for the government in Hawaii or pays taxes here has a stake in the Hawaii Employees’ Retirement System. The pension program covers more than 108,000 current and former state employees.
As of February 2010, the program held roughly $10.3 billion in assets but was 64.6 percent funded. The total unfunded liability was $6.2 billion. States across the country are facing similar challenges in funding state workers’ retirement plans amid budget cuts.
The Pew Research Center recently cited Hawaii’s pension program as one with “serious concerns.”