comscore ERS pension plan shortfall rises to $8.77B | Honolulu Star-Advertiser
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ERS pension plan shortfall rises to $8.77B


    The governor’s chief of staff, Mike McCartney, and Wes Machida, Director of Finance and the head of the Department of Budget and Finance, chat during a news conference where Governor David Ige unveiled his first state budget in the governor’s office at the State Capitol.

Hawaii’s largest public pension plan, dragged down during the 2015 fiscal year by a 3.6 percent return in its investment portfolio, saw its shortfall swell to $8.77 billion despite steps that have been implemented to shore up the Employees’ Retirement System. Read more

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