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HB 847 HD1

Hawaii - Session 2026

House in_committee 2025-02-12
Bill Details

Title: DLIR; Hawaii Retirement Savings Act; Hawaii Retirement Savings Program; Covered Employer; Definition; Automatic Enrollment; Opt-Out Option; Appropriations

Summary

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. Appropriates funds to the Department of Labor and Industrial Relations for the development and operation of the Program. Effective 7/1/3000. (HD1)"

Sponsor
Jackson D. Sayama
Official Source Back to Bills
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Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-02-12 Status in_committee
2025-02-12 Latest Action Passed 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).
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