HB 202 Hawaii House · 2026 Regular Session

RELATING TO THE ADEQUATE RESERVE FUND.

Summary

Amends the definition of "adequate reserve fund" by increasing the multiplier used to calculate its amount from the existing factor of 1, to unspecified amounts for calendar year 2026 and for calendar year 2027 and thereafter. Requires the Department of Labor and Industrial Relations to conduct an actuarial study and report to the Legislature. Effective 7/1/2050. (SD2)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Feb 2025

Senate Passage

Apr 2025

Governor

Introduced Jan 15, 2025 Last action Apr 21, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

HB202_SD1 → HB202_SD2 · 4 edits

MODERATE

The bill was amended to replace specific reserve fund multipliers with a placeholder, deferring the decision to a future actuarial study. It also added a requirement for the Department of Labor and Industrial Relations to conduct this study and submit a report to the legislature by April 2026. This change shifts the policy from an immediate increase in reserve requirements to a data-driven approach that will determine future funding levels based on financial projections.

Scope change

The bill's scope expanded to include a new mandate for an actuarial study and a reporting requirement, while the immediate financial obligations were removed.

FISCAL

Removed specific reserve fund multipliers (1.25 for 2026 and 1.5 for 2027+), replacing them with a placeholder to defer the decision.

REQUIREMENT

Added a requirement for the Department of Labor and Industrial Relations to conduct an actuarial study to determine if reserve fund multipliers need to increase.

TIMELINE

Added a deadline for the department to submit a report with findings and recommendations to the legislature no later than twenty days before the 2026 regular session.

DEFINITION

Modified the definition of 'adequate reserve fund' to reference the upcoming study rather than fixed percentages.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 23, 2025

Lower · Passed

Conference Committee Meeting will reconvene on Thursday 04-24-25 10:00AM in conference room 016.

lower

Apr 21, 2025

Lower · Passed

Conference Committee Meeting will reconvene on Wednesday 04-23-25 10:00AM in conference room 016.

lower

Apr 17, 2025

Lower · Passed

Bill scheduled for Conference Committee Meeting on Monday, 04-21-25 10:00AM in conference room 016.

lower

Apr 10, 2025

Amended

House disagrees with Senate amendment (s).

lower

Apr 8, 2025

Introduced

Returned from Senate (Sen. Com. No. 601) in amended form (SD 2).

lower

Apr 8, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Apr 2, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 27, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 04-02-25 10:01AM; Conference Room 211 & Videoconference.

upper

Mar 19, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Mar 19, 2025

Committee

Reported from LBT (Stand. Com. Rep. No. 1169) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 12, 2025

Upper · Passed

The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in LBT were as follows: 4 Aye(s): Senator(s) Aquino, Lee, C., Ihara, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Moriwaki.

upper

Mar 7, 2025

Upper · Passed

The committee(s) on LBT has scheduled a public hearing on 03-12-25 3:00PM; Conference Room 224 & Videoconference.

upper

Mar 4, 2025

Committee

Referred to LBT, WAM.

upper

Feb 28, 2025

Introduced

Received from House (Hse. Com. No. 10).

upper

Feb 27, 2025

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.

lower

Feb 21, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Miyake, Templo, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 4 Excused: Representative(s) Lee, M., Morikawa, Alcos, Ward.

lower

Feb 12, 2025

Committee

Reported from LAB (Stand. Com. Rep. No. 476) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 6, 2025

Lower · Passed

The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Jan 21, 2025

Committee

Referred to LAB, FIN, referral sheet 1

lower

Jan 16, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 15, 2025

Introduced

Pending introduction.

lower

4 primary · 0 co-sponsors