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Pension & Debt

HB1644 would revive fiscally unsound ‘pension spiking’

The following testimony was submitted by the Grassroot Institute of Hawaii for consideration by the House Committee on Labor and Government Relations on Feb. 1, 2024. ___________ Feb. 1, 2024, 9 a.m. Hawaii State Capitol Conference Room 309 and Videoconference To: House Committee on Labor and Government Relations       Rep.

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Delaying EUTF payments will add $8 billion to Hawaii taxpayer debt

This following is a news release issued by the Grassroot Institute of Hawaii on Jan. 12, 2021. ______________ Efforts to save money now will cost taxpayers more later while putting government employees and retirees at risk, says the Grassroot Institute of Hawaii HONOLULU, Jan. 12, 2020 >> Hawaii taxpayers will

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Raiding EUTF is deja vu all over again

This commentary was originally published in the Honolulu Star-Advertiser on Sunday, November 15, 2020. ________________ Gov. David Ige in his 2018 State of the State address said, “One value that has guided this administration is to not simply pass our debts to our kids and grandkids.” But that value seems

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Ige’s EUTF funding dodge will come back to haunt us

This article was originally published by Honolulu Civil Beat on Sept. 21, 2020. ______________ Faced with a $2.3 billion budget shortfall caused by Hawaii’s coronavirus lockdowns, Gov. David Ige on July 17 suspended the state’s required fiscal 2021 payment of $388 million to the government employees’ health benefits fund. It was a desperate move

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Could Hawaii go bankrupt? Webinar with Steven Greenhut

Could Hawaii go bankrupt? That was the topic of a free live webinar on Thursday, May 14, sponsored by the Grassroot Institute of Hawaii. As a technical matter, the answer currently is, “No.” But as a practical matter, Hawaii’s economy has tanked and local tax revenues are plummeting, leaving the state

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Hawaii ERS headed for disaster, if economy keeps heading south

The following was issued as news release by the Grassroot Institute of Hawaii on April 28, 2020. ________________ Major reforms could help the pension system honor its promises HONOLULU, April 29, 2020 >> If you think Hawaii’s unfunded public pension liabilities of $14 billion[1] are daunting now, brace yourself for what they could

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Kauai acts to spike pension spiking

Some advice for all our policymakers out there struggling with public pension liabilities: The first step is admitting you have a problem. The next step is getting real data on how bad that problem is. Only then can you begin working out how to address it. Which means the Kauai County

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High medical costs another threat to Hawaii taxpayers

It is common knowledge that medical costs have been skyrocketing for years, regardless of all attempts to reform our nation’s medical system. What many people in Hawaii don’t realize, however, is that higher medical costs increase our state’s debt — and Hawaii taxpayers might be the ones who end up

Read More →

Public pension crisis? We’re on it!

The good news is that Hawaii’s legislators are eager to solve our pension crisis. The better news is that we have the solutions they need. On Thursday, the Grassroot Institute of Hawaii sat in on the Legislative Fiscal Academy, held at the state Capitol and sponsored by the National Conference

Read More →

HB1644 would revive fiscally unsound ‘pension spiking’

The following testimony was submitted by the Grassroot Institute of Hawaii for consideration by the House Committee on Labor and Government Relations on Feb. 1, 2024. ___________ Feb. 1, 2024, 9 a.m. Hawaii State Capitol Conference Room 309 and Videoconference To: House Committee on Labor and Government Relations       Rep.

Read More →

Delaying EUTF payments will add $8 billion to Hawaii taxpayer debt

This following is a news release issued by the Grassroot Institute of Hawaii on Jan. 12, 2021. ______________ Efforts to save money now will cost taxpayers more later while putting government employees and retirees at risk, says the Grassroot Institute of Hawaii HONOLULU, Jan. 12, 2020 >> Hawaii taxpayers will

Read More →

Raiding EUTF is deja vu all over again

This commentary was originally published in the Honolulu Star-Advertiser on Sunday, November 15, 2020. ________________ Gov. David Ige in his 2018 State of the State address said, “One value that has guided this administration is to not simply pass our debts to our kids and grandkids.” But that value seems

Read More →

Ige’s EUTF funding dodge will come back to haunt us

This article was originally published by Honolulu Civil Beat on Sept. 21, 2020. ______________ Faced with a $2.3 billion budget shortfall caused by Hawaii’s coronavirus lockdowns, Gov. David Ige on July 17 suspended the state’s required fiscal 2021 payment of $388 million to the government employees’ health benefits fund. It was a desperate move

Read More →

Could Hawaii go bankrupt? Webinar with Steven Greenhut

Could Hawaii go bankrupt? That was the topic of a free live webinar on Thursday, May 14, sponsored by the Grassroot Institute of Hawaii. As a technical matter, the answer currently is, “No.” But as a practical matter, Hawaii’s economy has tanked and local tax revenues are plummeting, leaving the state

Read More →

Hawaii ERS headed for disaster, if economy keeps heading south

The following was issued as news release by the Grassroot Institute of Hawaii on April 28, 2020. ________________ Major reforms could help the pension system honor its promises HONOLULU, April 29, 2020 >> If you think Hawaii’s unfunded public pension liabilities of $14 billion[1] are daunting now, brace yourself for what they could

Read More →

Kauai acts to spike pension spiking

Some advice for all our policymakers out there struggling with public pension liabilities: The first step is admitting you have a problem. The next step is getting real data on how bad that problem is. Only then can you begin working out how to address it. Which means the Kauai County

Read More →

High medical costs another threat to Hawaii taxpayers

It is common knowledge that medical costs have been skyrocketing for years, regardless of all attempts to reform our nation’s medical system. What many people in Hawaii don’t realize, however, is that higher medical costs increase our state’s debt — and Hawaii taxpayers might be the ones who end up

Read More →

Public pension crisis? We’re on it!

The good news is that Hawaii’s legislators are eager to solve our pension crisis. The better news is that we have the solutions they need. On Thursday, the Grassroot Institute of Hawaii sat in on the Legislative Fiscal Academy, held at the state Capitol and sponsored by the National Conference

Read More →