Allows the Hawaii employer-union health benefits trust fund to set salaries for investment office staff.
The bill authorizes the board of trustees of the Hawaii employer-union health benefits trust fund to establish salaries for the trust fund's investment office staff. This includes the administrator, chief investment officer, investment officers, and investment analysts. The salaries are intended to be competitive with those in the private sector to attract and retain qualified investment staff. The board can also exempt certain staff from civil service rules and determine their employment terms.
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