What is Hawaii’s pension problem? Why should you care? And what do acronyms like ERS, EURF and OPEB really mean?
To help you understand the key issues involved in this story, reporter Nathan Eagle sat down and laid out all of the issues in 99 seconds. “It’s arguably the biggest financial problem facing the state today,” says Eagle. “If we don’t do something about it, if we don’t correct all these past mistakes – taking investment earnings and dumping them into the general fund, things like that – we as taxpayers are going to be on the hook for that.”
Pension Promises from Civil Beat on Vimeo.