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Hawaiʻi Retirement Savings Program Home Page

HAWAII RETIREMENT SAVINGS PROGRAM

Act 296 (July 12, 2022) established the Hawaii Retirement Savings Program, which provides retirement plan coverage for private-sector employees who do not have access to employer-sponsored retirement plans. The program has two unique features. Employees will not be automatically registered, with the option to opt out. In order to participate in the program, employees will have to opt in. And unlike any other state so far, one of the members of the board that will administer the program will be a retiree living in Hawaiʻi, to represent retirees.

Program Status

While Act 296 took effect in July 2022, the Hawaii Retirement Savings Board has yet to implement the program. The Board will announce the start of the program at a later date. For more information about the program, click here. To view Board meeting agendas and meetings, click here.