Hawaii HB1136 amends the Hawaii Retirement Savings Act to clarify employer definitions and establish an automatic enrollment process for private.

Hawaii HB1136 amends the Hawaii Retirement Savings Act to clarify the definition of "covered employer" and establish an automatic enrollment process for private sector employees without access to employer-sponsored retirement plans. Employers must automatically enroll eligible employees into the state-facilitated payroll-deduction retirement savings plan unless the employee opts out. The bill also mandates that employers withhold contributions from employees' paychecks and transmit them to the program.

Hawaii HB1136 amends the Hawaii Retirement Savings Act to clarify employer definitions and establish an automatic enrollment process for private.

Hawaii HB1136 amends the Hawaii Retirement Savings Act to clarify the definition of "covered employer" and establish an automatic enrollment process for private sector employees without access to employer-sponsored retirement plans. Employers must automatically enroll eligible employees into the state-facilitated payroll-deduction retirement savings plan unless the employee opts out. The bill also mandates that employers withhold contributions from employees' paychecks and transmit them to the program.