SB 3096·HI·senate
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM'S EMPLOYER CONTRIBUTIONS FOR NORMAL COST AND ACCRUED LIABILITY.
EnactedFiled Jan 26, 2026
Sponsor: Ron Kouchi (D)
Latest Action
Act 134, on 06/24/2026 (Gov. Msg. No. 1235).
Jun 24, 2026
Summary
It changes the percentage of employee wages that state employers must pay into the retirement system each year, with higher rates for public‑safety workers and gradually increasing rates for all other employees. The aim is to fully fund the system’s unfunded liability within the maximum funding period. The new rates apply to contributions for normal cost and accrued liability starting in fiscal year 2027‑2028.
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