Employees' Retirement System

O le Hawaii Tagata faigaluega' Retirement Faiga (ERS) faʻatautaia le defined-benefit pension fuafuaga mo state ma county government tagata faigaluega, managing investments o approximately $22 billion i assets. O le board o trustees faʻatulagaina investment faiga faʻavae, faʻamaoniina actuarial assumptions, ma vaʻaia administration o retirement, disability, ma survivor penefiti mo over 120,000 active ma retired sui. Tupe faʻaiʻuga faia e le board affect required contributions mai uma tagata faigaluega ma taxpayers.

Afai e te faigaluega mo le state pe se county government i Hawaii, lou retirement security depends i le ERS board's investment ma faiga faʻavae faʻaiʻuga. Taxpayers o foʻi aʻafia ona le state lautele fund e tatau ona cover soʻo se unfunded pension liability.