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Pension & Debt

Stop digging deeper pension debt

They call it the first law of holes, and the principle is simple: When you’re in a hole, stop digging. If only we could apply this to Hawaii’s public pension crisis. When it comes to the state’s unfunded pension liabilities, there’s broad agreement that it’s a problem. And everyone is

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Pension spiking cost Hawaii taxpayers $20.5M in FY 2017

A Grassroot Institute FOIA request reveals that 320 employees spiked their salaries ahead of retiring HONOLULU, Sept. 5, 2018 >> The Hawaii Employees’ Retirement System (ERS) billed the state and counties more than $20.5 million because of excess pension costs in fiscal year 2017, according to an open records request made to the

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Resolve state pension woes to ease Maui budget

The following article was originally featured Aug. 15, 2018, in The Maui News. The Employees’ Retirement System of the State of Hawaii has unfunded liabilities of almost $13 billion — a dangerous amount that threatens the retirement benefits of state and county employees and the pocketbooks of Hawaii taxpayers. But there

Read More →

Rosy assumptions could be thorny for Hawaii ERS

Hawaii’s public pension unfunded liability, conservatively estimated at almost $13 billion, is projected to be paid off by the year 2043, but that end date could drag out far longer if the investments of the state’s Employees’ Retirement System (ERS) do not perform as well as expected. A way to

Read More →

Together we can resolve Hawaii’s pension crisis

You’ve often seen me sign off with the words “E hana kākou!” The premise behind that motto (which literally translates to “Let’s work together!”) is that, despite our differences, we must work together to make a better Hawaii. We may be from different islands, with different political views, backgrounds and

Read More →

Report: How to resolve Hawaii’s public pension debt crisis

Grassroot Institute publicly releases report on fixing Hawaii’s pension debt crisis The independent, nonprofit think tank debuted its findings July 31 at a presentation on Maui HONOLULU, Aug. 1, 2018 >> The Grassroot Institute of Hawaii has released its new report titled “How to resolve Hawaii’s public pension debt crisis”

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Fixing Hawaii’s pension crisis

Grassroot Institute to release report on how to fix pension crisis The independent, nonprofit think tank will debut its findings July 31 at a presentation on Maui HONOLULU, July 26, 2018 >> The Grassroot Institute of Hawaii will release a new report on Tuesday, July 31, about how to bring

Read More →

Pension risk includes lava

How is a volcano like a dip in the stock market? That’s not a riddle, though I’m sure our witty members could come up with some clever responses. Rather, it is a different perspective on how the Kilauea eruption might have a long-term effect on the state’s unfunded public pension

Read More →

Stop digging deeper pension debt

They call it the first law of holes, and the principle is simple: When you’re in a hole, stop digging. If only we could apply this to Hawaii’s public pension crisis. When it comes to the state’s unfunded pension liabilities, there’s broad agreement that it’s a problem. And everyone is

Read More →

Pension spiking cost Hawaii taxpayers $20.5M in FY 2017

A Grassroot Institute FOIA request reveals that 320 employees spiked their salaries ahead of retiring HONOLULU, Sept. 5, 2018 >> The Hawaii Employees’ Retirement System (ERS) billed the state and counties more than $20.5 million because of excess pension costs in fiscal year 2017, according to an open records request made to the

Read More →

Resolve state pension woes to ease Maui budget

The following article was originally featured Aug. 15, 2018, in The Maui News. The Employees’ Retirement System of the State of Hawaii has unfunded liabilities of almost $13 billion — a dangerous amount that threatens the retirement benefits of state and county employees and the pocketbooks of Hawaii taxpayers. But there

Read More →

Rosy assumptions could be thorny for Hawaii ERS

Hawaii’s public pension unfunded liability, conservatively estimated at almost $13 billion, is projected to be paid off by the year 2043, but that end date could drag out far longer if the investments of the state’s Employees’ Retirement System (ERS) do not perform as well as expected. A way to

Read More →

Together we can resolve Hawaii’s pension crisis

You’ve often seen me sign off with the words “E hana kākou!” The premise behind that motto (which literally translates to “Let’s work together!”) is that, despite our differences, we must work together to make a better Hawaii. We may be from different islands, with different political views, backgrounds and

Read More →

Report: How to resolve Hawaii’s public pension debt crisis

Grassroot Institute publicly releases report on fixing Hawaii’s pension debt crisis The independent, nonprofit think tank debuted its findings July 31 at a presentation on Maui HONOLULU, Aug. 1, 2018 >> The Grassroot Institute of Hawaii has released its new report titled “How to resolve Hawaii’s public pension debt crisis”

Read More →

Fixing Hawaii’s pension crisis

Grassroot Institute to release report on how to fix pension crisis The independent, nonprofit think tank will debut its findings July 31 at a presentation on Maui HONOLULU, July 26, 2018 >> The Grassroot Institute of Hawaii will release a new report on Tuesday, July 31, about how to bring

Read More →

Pension risk includes lava

How is a volcano like a dip in the stock market? That’s not a riddle, though I’m sure our witty members could come up with some clever responses. Rather, it is a different perspective on how the Kilauea eruption might have a long-term effect on the state’s unfunded public pension

Read More →