HB 1042 Hawaii House · 2026 Regular Session

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM'S EMPLOYER REPORTING REVIEW.

Summary

Extends the due date of payment to the Employees' Retirement System for departments or agencies of the State or counties that fail to comply with reporting requirements by one year after the review period. Changes the time frame for which the Employers' Retirement System must report regarding any department or agency's failure to submit required information to the Employees' Retirement System from the current fiscal year to the previous fiscal year. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 21, 2025 Last action Dec 8, 2025

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What changed between versions

HB1042 → HB1042_HD1 · 4 edits

MODERATE

The bill extends the deadline for state and county agencies to pay penalties for failing to submit retirement system reports, moving the payment date to one full year after the fiscal year ends. It also clarifies that the system must report on failures from the previous fiscal year rather than the current one. These changes provide agencies more time to correct reporting issues before financial penalties are applied.

Scope change

The bill's scope remains focused on employer reporting compliance for the Employees' Retirement System, but the timeline for enforcement and reporting has been adjusted.

TIMELINE

The penalty payment deadline was changed to occur on the first day of the fiscal year that is one year after the end of the fiscal year in which the failure occurred, rather than the first day of the following fiscal year.

The effective date of the act was set to July 1, 3000, likely as a placeholder to prevent immediate implementation.

REQUIREMENT

The requirement for the system to report on failures was changed to cover the previous fiscal year instead of the current fiscal year.

TECHNICAL

The bill title was slightly modified to remove the word 'THE' for stylistic consistency.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 11, 2025

Committee

Reported from LAB (Stand. Com. Rep. No. 317) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 4, 2025

Lower · Passed

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

lower

Jan 23, 2025

Committee

Referred to LAB, FIN, referral sheet 3

lower

Jan 23, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 21, 2025

Introduced

Pending introduction.

lower

1 primary · 0 co-sponsors