Informing the Legislature that on May 15, 2025, the Governor signed the following bill into law: SB1360 SD1 HD2 (ACT 052).

This bill (SB1360) updates Hawaii's Employees' Retirement System to comply with federal tax rules under the SECURE 2.0 Act of 2022. It requires the system to automatically begin paying retirement benefits by April 1 of the year after a member turns 73 (the "required beginning date"), even if no application is submitted. For members who don’t make an election about payment options by this date, the system will automatically select the maximum benefit for single members or a spousal beneficiary option for married members/reciprocal beneficiaries. This directly affects current and future Hawaii state employees enrolled in the retirement system, ensuring their benefits meet federal tax qualification standards.