HawaiiRELATING TO HAWAII RETIREMENT SAVINGS ACT.
What it does
Clarifies the definition of "covered employer" under the Hawaii Retirement Savings Act. Requires covered employers to automatically enroll covered employees into the Hawaii Retirement Savings Program unless the employee chooses to opt out. Repeals the limit on the total fees and expenses that can be spent for the Program each year.
More detail
Appropriates funds to the Department of Labor and Industrial Relations for the development and operation of the Program. Effective 7/1/3000. (HD1)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 12Reported from LAB (Stand. Com. Rep. No. 479) as amended in HD 1, recommending passage on Second Reading and referral to FIN.Latest
- Feb 12Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).Minor
- Feb 6The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Sayama, Lee, M., Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Garrett.Minor
- Vote recorded The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Feb 3Bill scheduled to be heard by LAB on Thursday, 02-06-25 9:00AM in House conference room 309 VIA VIDEOCONFERENCE.
- Jan 23Introduced and Pass First Reading.Minor
- Jan 23Referred to LAB, FIN, referral sheet 3Minor
- Jan 21Pending introduction.Introduced