Informing the Legislature that on May 29, 2025, the Governor signed the following bill into law: SB855 SD1 HD1 CD1 (ACT 113).

SB855 (Act 113) amends Hawaii’s retirement savings program to require private employers without existing retirement plans to automatically enroll employees in the state-run savings plan (with an option to opt out). It clarifies that "covered employers" include most private businesses but exclude government entities and employers with tax-qualified retirement plans. The law removes annual fee limits on the program and updates rules to ensure simplicity, low costs, and portability for participants. This directly affects Hawaii private-sector employers who do not offer retirement benefits to their staff.