Bill > HB1042

This bill modifies reporting requirements for the Employees' Retirement System (ERS) and addresses penalties for state and county departments that fail to submit required information. Specifically, the bill extends the deadline for departments or agencies to pay employer contributions by one year after the fiscal year in which they did not provide the required information to the system. The bill also changes the timeframe for the ERS's annual reporting to the department of budget and finance and the legislature from the current fiscal year to the previous fiscal year. Under the new provisions, if a state or county department fails to provide information in the format required by the ERS, they will be required to pay an amount equal to their employer contributions on the first day of the fiscal year one year after the year of non-compliance. The annual report will now detail departments that failed to comply in the previous fiscal year, the amounts they are required to pay, and potential impacts on state budget programs. The bill aims to improve accountability and timely reporting within the Employees' Retirement System.

Budget and Finance, Labor and Employment

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1042&year=2026