HB 1042 Hawaii House · 2025 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 Feb 11, 2025

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What changed between versions

HB1042 → HB1042_HD1 · 3 edits

MINOR

This bill extends the deadline for departments and agencies to pay overdue employer retirement contributions and changes when the retirement system must report on non-compliance. The payment deadline is now one full fiscal year after the failure occurs instead of the following fiscal year, giving employers more time to prepare payments. Additionally, the annual compliance report will cover the previous fiscal year instead of the current one, allowing more time for review and analysis.

Scope change

The bill applies to all state departments, agencies, and counties that fail to provide required retirement system information in the proper format.

TIMELINE

Extended the deadline for paying overdue employer contributions from the first day of the fiscal year following the failure to the first day of the fiscal year one year after the failure occurred.

REQUIREMENT

Changed the annual compliance report to cover the previous fiscal year instead of the current fiscal year, allowing more time for data review and analysis.

ENFORCEMENT

Updated the effective date of the Act from immediate approval to July 1, 3000, which appears to be a placeholder or error in the legislative text.

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