HawaiiHB 8472025–2026 Regular Session (Year 2)House

RELATING TO HAWAII RETIREMENT SAVINGS ACT.

Sponsored By: Jackson D. Sayama (Democratic)

Passed

Summary

Clarifies the definition of "covered employer" under the Hawaii Retirement Savings Act. Requires covered employers to automatically enroll covered employees into the Hawaii Retirement Savings Program unless the employee chooses to opt out. Repeals the limit on the total fees and expenses that can be spent for the Program each year. Appropriates funds to the Department of Labor and Industrial Relations for the development and operation of the Program. Effective 7/1/3000. (HD1)

DLIRHawaii Retirement Savings ActHawaii Retirement Savings ProgramCovered EmployerDefinitionAutomatic EnrollmentOpt-Out OptionAppropriationsLAB, FIN

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jackson D. Sayama

    Democratic • House

Cosponsors

  • Cory M. Chun

    Democratic • House

  • Andrew Takuya Garrett

    Democratic • House

  • Tina Nakada Grandinetti

    Democratic • House

  • Linda Ichiyama

    Democratic • House

  • Sue L. Keohokapu-Lee Loy

    Democratic • House

  • Darius K. Kila

    Democratic • House

  • Matthias Kusch

    Democratic • House

  • Rachele Lamosao

    Democratic • Senate

  • Mike Lee

    Democratic • House

  • Nicole E. Lowen

    Democratic • House

  • Terez Amato

    Democratic • House

  • Lisa Marten

    Democratic • House

  • Scot Z. Matayoshi

    Democratic • House

  • Tyson K. Miyake

    Democratic • House

  • Ikaika Olds

    Democratic • House

  • Sean Quinlan

    Democratic • House

  • Gregg Takayama

    Democratic • House

  • Adrian K. Tam

    Democratic • House

  • Chris Todd

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 48 • No: 0

House vote 2/12/2025

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...

Yes: 48 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Reported from LAB (Stand. Com. Rep. No. 479) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

    2/12/2025House
  3. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).

    2/12/2025House
  4. The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Sayama, Lee, M., Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Garrett.

    2/6/2025House
  5. Bill scheduled to be heard by LAB on Thursday, 02-06-25 9:00AM in House conference room 309 VIA VIDEOCONFERENCE.

    2/3/2025House
  6. Introduced and Pass First Reading.

    1/23/2025House
  7. Referred to LAB, FIN, referral sheet 3

    1/23/2025House
  8. Pending introduction.

    1/21/2025House

Bill Text

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