summary
Introduced
01/26/2022
01/26/2022
In Committee
01/28/2022
01/28/2022
Crossed Over
Passed
Dead
05/05/2022
05/05/2022
Introduced Session
2022 Regular Session
Bill Summary
Establishes the Hawaii Retirement Savings Program, administered by the Hawaii Retirement Savings Board, in consultation with the Department of Budget and Finance and Department of Labor and Industrial Relations, to provide a state-facilitated payroll-deduction automatic enrollment individual retirement plan to private sector employees who do not have access to employer-sponsored retirement savings plans beginning 7/1/2024. Appropriates funds.
AI Summary
This bill establishes the Hawaii Retirement Savings Program, a state-facilitated payroll-deduction automatic enrollment individual retirement plan for private sector employees in Hawaii who do not have access to employer-sponsored retirement plans. The program, administered by the Hawaii Retirement Savings Board, will automatically enroll eligible employees starting on July 1, 2024, unless they opt out. The bill also appropriates funds for the implementation and operation of the program.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to LAT, CPC, FIN, referral sheet 3 (on 01/28/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=2046&year=2022 |
| BillText | https://www.capitol.hawaii.gov/session2022/bills/HB2046_.HTM |
| Bill | https://www.capitol.hawaii.gov/session2022/bills/HB2046_.pdf |
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