HB 847 Hawaii House · 2026 Regular Session

RELATING TO HAWAII RETIREMENT SAVINGS ACT.

Summary

Clarifies the definition of "covered employer" under the Hawaii Retirement Savings Act. Requires covered employers to automatically enroll covered employees into the Hawaii Retirement Savings Program unless the employee chooses to opt out. Repeals the limit on the total fees and expenses that can be spent for the Program each year. Appropriates funds to the Department of Labor and Industrial Relations for the development and operation of the Program. Effective 7/1/3000. (HD1)

Issues: ✓ Labor & Employment

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

Maddy AI version diff · 1 comparison

What changed between versions

HB847 → HB847_HD1 · 2 edits

MINOR

The bill was amended to remove the specific dollar amount for funding the Hawaii Retirement Savings Act, leaving the appropriation blank for legislative approval. Additionally, the effective date was drastically changed from July 1, 2025, to July 1, 3000, effectively delaying the law's implementation by over 750 years.

Scope change

The bill's scope remains focused on the Hawaii Retirement Savings Act, but the timeline for its enforcement has been altered to a distant future date.

FISCAL

The specific dollar amount appropriated for the program was removed and replaced with blank spaces, requiring the legislature to specify the funding level.

TIMELINE

The effective date of the Act was changed from July 1, 2025, to July 1, 3000, which would prevent the automatic enrollment provisions from taking effect for decades.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 12, 2025

Committee

Reported from LAB (Stand. Com. Rep. No. 479) 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: 5 Ayes: Representative(s) Sayama, Lee, M., Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Garrett.

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

19 primary · 0 co-sponsors