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Committee advises and consents to Barbara Krieg for Hawaii Retirement Savings Board after nominee backs auto-enroll opt-out
Summary
The Senate Committee on Labor and Technology voted to advise and consent to Barbara Krieg’s nomination to the Hawaii Retirement Savings Board. Krieg, a current trustee, told the committee an opt-out (auto-enroll) design is necessary for cost-efficiency and multistate compact participation; the committee approved her nomination unanimously.
The Senate Committee on Labor and Technology on April 4 advised and consented to the gubernatorial nomination of Barbara Krieg to the Hawaii Retirement Savings Board for a term ending June 30, 2029.
Krieg, who told the committee she has served on the Hawaii Retirement Savings Program Board of Trustees for the past two years, emphasized that an auto-enroll program with an opt-out provision would make the initiative more effective and affordable for Hawaii. She said the design would increase participation and make the state more likely to join a multistate compact that shares administration and investment…
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