Bill > HB1042

This bill modifies the Employees' Retirement System's (ERS) reporting and payment requirements for state and county departments or agencies that fail to provide required information. Specifically, the bill extends the deadline for payment of employer contributions from the fiscal year immediately following non-compliance to one year after the end of the fiscal year in which the failure occurred. Additionally, the bill changes the timeframe for the ERS's annual reporting to the department of budget and finance and legislature from the current fiscal year to the previous fiscal year. The report must detail which departments or agencies did not comply with reporting requirements, the amounts they are required to pay, and potential impacts on state budget programs. The purpose of the bill is to provide more flexibility and a longer timeline for departments and agencies to address reporting deficiencies while maintaining accountability in the state's retirement system reporting process. The bill is set to take effect on July 1, 3000, which appears to be a placeholder date typically used when the exact implementation date is yet to be determined.

Budget and Finance, Labor and Employment

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1042&year=2025