Bill Text: HI SB1361 | 2025 | Regular Session | Introduced
Bill Title: Relating To The Employees' Retirement System's Employer Reporting Review.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2025-01-31 - The committee(s) on LBT has scheduled a public hearing on 02-03-25 3:30PM; Conference Room 224 & Videoconference. [SB1361 Detail]
Download: Hawaii-2025-SB1361-Introduced.html
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THE SENATE |
S.B. NO. |
1361 |
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THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM'S EMPLOYER REPORTING REVIEW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to
extend the deadline for the pre-payment and reporting of employer contributions
by departments or agencies of the State or counties that failed to provide the
information required by the System in the required format.
SECTION 2. Section 88-103.7,
Hawaii Revised Statutes, is amended as follows:
1. By amending subsection (c) to read as follows:
"(c)
If a department or agency of the State or county fails to furnish the
system with the information required pursuant to this section in the format
required by the system, the State or county shall pay to the system, on the
first day of the fiscal year [following] one year after the end
of the fiscal year in which the failure to furnish the required information
occurred, an amount equal to the employer contributions payable by the State or
county, relative to the department or agency that is not in compliance with
this section, during the fiscal year in which the failure to furnish the
required information occurred. This
amount shall be applied to contributions required under section 88-124 for the
State and section 88-126 for the counties."
2. By amending subsection (f) to read as follows:
"(f)
The system shall annually submit to the department of budget and finance
and the legislature, not later than twenty days prior to the convening of each
regular session, a report that details the following for the [current] previous
fiscal year:
(1) Any department or agency of the state or counties that failed to comply with this section; and
(2) Any
amounts required to be paid under subsection (c), including the anticipated
amounts payable in the upcoming fiscal year, and identification of any state
budget programs that may be affected."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
Employees' Retirement System; Employer Reporting
Description:
Adds a year between the review period and the billing due date and changes reporting of review results from the current fiscal year to the previous fiscal year.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
