State of Hawaii Taxable General Obligation Bonds of 2020, Series FZ Investor Presentation
13
Other Post Employment Benefits
The State has built a substantial balance in its OPEB trust fund over the past six years
■The State's OPEB trust fund balance is estimated to increase to $1.8 billion in FY2019
Estimated FY2020 total portfolio return was 1.7%
The General Fund Financial Plan suspends pre-funding contributions but does not draw any funds from the State's EUTF
balance to pay retiree premiums
EUTF Prefunding Contributions
(State Only, FY2014 - 2019)
EUTF Balance and Funded Ratio
(State Only, FY2015-2019)
Millions
$500
$450
Prefunding Requirements
$430 $430
Millions
$2,000
$1,800
$1,829
19.5%
$400
■Total Prefunding Contributions
$1,600
$350
$333
$337
$1,400
$1,295
$297
$300
$1,200
$250
$250
$230
$1,000
12.1%
$880
$200
$800
$164
$150
$600
$117
8.6%
$481
$100
$100
$83
$400
4.9%
$221
$50
$200
$0
2.4%
$0
$-
2014
2015
2016
2017
2018
2019
2015
2016
2017
2018
2019
Fiscal Year
Fiscal Year
Source: Hawaii Employer-Union Health Benefits Trust Fund.
STATE
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