The Hawaii Employees’ Retirement System says it will be proposing benefit cuts that could prompt a wave of early retirements. The agency’s legislative proposals could come as early as the 2011 legislative session. Hints of the cuts are contained in a memo from ERS Administrator Wesley Machida that accompanied a request to exempt a pending [...]
The University of Hawaii Professional Assembly, the union representing faculty throughout the UH system, is considering taking legal action against the State Employees’ Retirement System over its method of calculating the costs for members to participate in the current one-time offer to upgrade future benefits. The ERS has divided faculty in two categories, “teachers” and [...]
Saturday is the day my new iPad is supposed to be delivered. It is also the deadline for tens of thousands of state and county employees to decide whether or not to invest in upgrading their state retirement plans. It’s a very consequential decision for state employees. You’ve certainly read about the expected iPad deliveries. [...]
