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Pension & Debt

New study details driving forces of Hawaii’s unfunded liability crisis

A new study released by the Grassroot Institute of Hawaii details salaries and benefits for government and private sector workers in the state of Hawaii. The study shows that unsustainably high government salaries and benefits may be putting Hawaii’s pension fund in danger. According to Dr. Keli’i Akina, President/CEO of

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Hawaii’s Pension System is $8 Billion in Trouble

by Matthew Reade Hawaii’s public pension system is in grave danger. Systemic weaknesses plague the Employee Retirement System (ERS), and the retirement savings of current and future generations of state employees could be at risk unless real reforms are implemented. According to Fitch Ratings and Standard and Poor’s, two highly

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New Report Says Each Taxpayer’s Share of Hawaii’s Debt Is $28,500

FOR IMMEDIATE RELEASE DATELINE: April 26, 2016, Honolulu, Hawai`i CONTACT: Joe Kent, 808-987-7322, jkent@grassrootinstitute.org New Report Says Each Taxpayer’s Share of Hawaii’s Debt Is $28,500 Grassroot Institute praises increased transparency, calls for fiscal responsibility  HONOLULU, HAWAII–April 26, 2016–A new report from Truth in Accounting on the financial state of Hawaii

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New study details driving forces of Hawaii’s unfunded liability crisis

A new study released by the Grassroot Institute of Hawaii details salaries and benefits for government and private sector workers in the state of Hawaii. The study shows that unsustainably high government salaries and benefits may be putting Hawaii’s pension fund in danger. According to Dr. Keli’i Akina, President/CEO of

Read More →

Hawaii’s Pension System is $8 Billion in Trouble

by Matthew Reade Hawaii’s public pension system is in grave danger. Systemic weaknesses plague the Employee Retirement System (ERS), and the retirement savings of current and future generations of state employees could be at risk unless real reforms are implemented. According to Fitch Ratings and Standard and Poor’s, two highly

Read More →

New Report Says Each Taxpayer’s Share of Hawaii’s Debt Is $28,500

FOR IMMEDIATE RELEASE DATELINE: April 26, 2016, Honolulu, Hawai`i CONTACT: Joe Kent, 808-987-7322, jkent@grassrootinstitute.org New Report Says Each Taxpayer’s Share of Hawaii’s Debt Is $28,500 Grassroot Institute praises increased transparency, calls for fiscal responsibility  HONOLULU, HAWAII–April 26, 2016–A new report from Truth in Accounting on the financial state of Hawaii

Read More →