Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves opt-out retirement savings bill with amendments; panel blanks appropriation amounts for later review
Summary
Senate Bill 855 to change Hawaii's retirement savings program from opt-in to automatic enrollment (opt-out) advanced out of committee Jan. 29 with several amendments and a directive to move appropriation figures to the committee report for further review.
The Senate Committee on Labor and Technology voted Jan. 29 to pass Senate Bill 855, which would require covered employers to automatically enroll employees in the Hawaii Retirement Savings program unless a worker opts out and would repeal the statutory cap on program fees.
Brian Taniguchi, a member of the Hawaii Retirement Savings Board, testified in strong support and described the bill as shifting the program from…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
