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Commit to fixing funding liability


POSTED: 01:30 a.m. HST, Apr 15, 2013

~~<p>Little has been done in recent years of economic stagnation to deal with the increasing liability for the costs of health care for retired state and county employees. The current Legislature's proposed contribution is little more than acknowledgment of the problem, but it's an important start. Lawmakers will need to follow through with a sustained commitment to avoid a fiscal emergency in the not-too- distant future.</p>
<p>House and Senate budget negotiators have agreed to devote $100 million in fiscal year 2014 and $117 million in fiscal year 2015 in payment on the state's $16 billion unfunded liability in the Employer- Union Health Benefits Trust Fund, the health care fund for public workers and retirees.</p>
~~

Little has been done in recent years of economic stagnation to deal with the increasing liability for the costs of health care for retired state and county employees. The current Legislature's proposed contribution is little more than acknowledgment of the problem, but it's an important start. Lawmakers will need to follow through with a sustained commitment to avoid a fiscal emergency in the not-too- distant future.

House and Senate budget negotiators have agreed to devote $100 million in fiscal year 2014 and $117 million in fiscal year 2015 in payment on the state's $16 billion unfunded liability in the Employer- Union Health Benefits Trust Fund, the health care fund for public workers and retirees. Login for more...



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