SB 855: DLIR; HAWAII RETIREMENT SAVINGS ACT; HAWAII RETIREMENT SAVINGS PROGRAM; COVERED EMPLOYER; DEFINITION; AUTOMATIC ENROLLMENT; OPT-OUT OPTION

Session Year: 2025-2026
House: Senate
Latest Version Date: 2025-04-25

Current Status:

In Progress

(2025-05-29: Act 113, on 05/29/2025 (Gov. Msg. No. 1213).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

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 opts out. Repeals the limit on the total fees and expenses that can be spent for the Program each year. (CD1)

Discussed in Hearing

Conference Committee

Apr 25, 2025

Conference Committee

Conference Committee

Apr 25, 2025

Conference Committee

Conference Committee

Apr 24, 2025

Conference Committee

House Standing Committee on Finance

Apr 1, 2025

House Standing Committee on Finance

Senate Standing Committee on Labor and Technology

Jan 29, 2025

Senate Standing Committee on Labor and Technology

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News Coverage:

SB 855: DLIR; Hawaii Retirement Savings Act; Hawaii Retirement Savings Program; Covered Employer; Definition; Automatic Enrollment; Opt-Out Option | Digital Democracy