What's Being Discussed

The Board of Trustees of the Employees' Retirement System (ERS) of the State of Hawaii is holding a four-day special meeting and investment education summit at the Ritz-Carlton Oahu, Turtle Bay in Kahuku. Key topics include:

• Investment strategy reviews covering the overall fund, public stocks, private equity, real estate, global credit, and alternative investments
• Risk and liquidity assessments for the retirement fund
• Expert presentations on topics such as artificial intelligence investing, macroeconomic trends, private credit markets, and empathic leadership
• Hawaii-targeted investments, including local real estate and venture opportunities
• Leadership succession planning for the ERS organization
• A panel discussion featuring chief investment officers from other public pension systems sharing lessons learned

Wednesday's session will be held in closed executive session, meaning the public cannot attend those discussions, as they involve confidential investment information and legal matters.

Decisions Expected

• Approval of three investment strategic plans: Global Credit, Real Assets, and Private Equity
• Possible direction or guidance on other investment strategies following summit presentations

Who Should Pay Attention

• Hawaii state and county employees and retirees whose pension benefits are managed by the ERS
• Taxpayers, since the state backs this retirement fund
• Anyone interested in how Hawaii's public pension investments are managed and directed

To submit public comment, email dale.kanae@hawaii.gov by 4:30 p.m. on Monday, October 5, 2026, or attend in person.