Bill > SB1361

This bill modifies the Hawaii Employees' Retirement System's reporting requirements by extending the deadline for departments or agencies that fail to provide required information to the retirement system. Specifically, if a state or county department does not submit the necessary information in the required format, they will now be required to pay employer contributions on the first day of the fiscal year that is one year after the end of the fiscal year in which the reporting failure occurred, instead of the immediately following fiscal year. Additionally, the bill changes the annual reporting requirement so that the system will now submit a report to the department of budget and finance and the legislature about non-compliant departments for the previous fiscal year, rather than the current fiscal year. This means the report will detail departments that failed to comply in the past year, the amounts they are required to pay, and potential impacts on state budget programs. The purpose of these changes is to provide more flexibility and clarity in the employer contribution and reporting process for the state's retirement system.

Budget and Finance, Labor and Employment

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1361&year=2025