Hawaii HB202 amends the definition of "adequate reserve fund" for certain years.

Hawaii HB202 modifies the definition of "adequate reserve fund" in Hawaii Revised Statutes. For calendar years 2023 through 2030, the adequate reserve fund is calculated by multiplying the highest benefit cost rate during a ten-year period by the total remuneration paid by employers. The bill specifies different multipliers for different years within this period.

Hawaii HB202 amends the definition of "adequate reserve fund" for certain years.

Hawaii HB202 modifies the definition of "adequate reserve fund" in Hawaii Revised Statutes. For calendar years 2023 through 2030, the adequate reserve fund is calculated by multiplying the highest benefit cost rate during a ten-year period by the total remuneration paid by employers. The bill specifies different multipliers for different years within this period.