Bill > SB3289

This bill establishes the Hawaii Retirement Savings Program, a state-facilitated payroll-deduction individual retirement savings plan for private sector employees in Hawaii who do not have access to an employer-sponsored retirement plan. The program will be administered by the Hawaii Retirement Savings Board, in consultation with the Department of Labor and Industrial Relations and Department of Budget and Finance. The bill provides for an implementation and evaluation study before the program is launched, and authorizes up to $500 in state matching contributions for the first 50,000 covered employees who participate in the program for 12 consecutive months after initial enrollment. The bill also appropriates funds for the implementation and operation of the program, as well as for outreach and education.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=3289&year=2022