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 and lapses the funds appropriated into and out of the Hawaii Retirement Savings Special Fund in Act 296, Session Laws of Hawaii 2022. Effective 7/1/3000. (HD2)

Statutes affected:
SB2553: 389-2, 389-4, 389-5, 389-14
SB2553 SD1: 389-2, 389-4, 389-5, 389-14
SB2553 HD1: 389-2, 389-4, 389-5, 389-14
SB2553 HD2: 389-2, 389-4, 389-5, 389-14
Latest: 389-2, 389-4, 389-5, 389-14