Saturday, July 20, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, October 11, 2016
Pension Reform? Fiscal responsibility is key to improving state's economy
By Grassroot Institute @ 10:03 PM :: 6045 Views :: Hawaii State Government, Health Care

Grassroot Institute Praises Governor for Proposed Pension Reforms

Watchdog group says fiscal responsibility is key to improving state's economy

News Release from Grassroot Institute

HONOLULU, HAWAII -- (Oct. 11, 2016) -- Following Governor Ige's announcement that his administration is proposing changes to the public pension system, the Grassroot Institute praised the Governor for pursuing much-needed reforms.

The free-market think tank and watchdog group is a long-time advocate of reforming Hawaii's pension system, and has warned that the state's unfunded liabilities are a drag on the economy. Earlier this year, Grassroot cited a Truth in Accounting report that revealed the state continues to hide more than a billion dollars in pension debt and reiterated that Hawaii has one of the highest taxpayer burdens for state debt in the nation.

In light of this history, Grassroot welcomed Governor Ige's announcement that his administration will seek to both accelerate state payments into the Employee Retirement System pension fund and establish new rules for dealing with the privatization of government operations.

"This is an important day for Hawaii's taxpayers," stated Keli'i Akina, Ph.D., President of the Grassroot Institute. "For years, we have seen the looming presence of the state's unfunded liabilities as a threat to our state's future solvency and economic well-being. With these proposed reforms, the Governor has demonstrated that he understands the seriousness of the problem and is prepared to act."

Dr. Akina continued: "While we have a long way to go before Hawaii is no longer a 'sinkhole state,' today's announcement is a step in the right direction. We hope that all of Hawaii's policymakers understand that addressing the broken pension system will help ensure a brighter economic future for our state."


About the Grassroot Institute of Hawaii:

Grassroot Institute of Hawaii is a nonprofit, nonpartisan research institute dedicated to the principles of individual liberty, the free market, and limited, accountable government throughout Hawai`i and the Asia-Pacific region.  Read more about us at

Like us on Facebook:

Donate to help us grow:

Tweet us at

About Grassroot President:

Keli’i Akina, Ph.D., is a recognized scholar, educator, public policy spokesperson, and community leader in Hawaii. Currently, he is President/CEO of Grassroot Institute of Hawaii, a public policy think tank dedicated to the principles of individual liberty, free markets and limited, accountable government.  An expert in East-West Philosophy and ethics, Dr. Akina has taught at universities in China and the United States and continues as an adjunct instructor at Hawaii Pacific University.


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii