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GM 1155

Informing the Legislature that on May 15, 2025, the Governor signed the following bill into law: SB1361 HD2 (ACT 055).

2025 Regular Session

Act 055 extends deadlines for state and county agencies to report employer contributions to the Employees' Retirement System, impacting compliance and financial obligations.

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Bill Summary · GM 1155

Summary of GM 1155: Informing the Legislature of Act 055

Bill Information:
- Bill Number: GM 1155
- Title: Informing the Legislature that on May 15, 2025, the Governor signed the following bill into law: SB1361 HD2 (ACT 055).
- Status: Received
- Introduced: May 15, 2025
- Classification: Proclamation
- Subject: Act 055

Purpose and Intent

GM 1155 serves to officially inform the Hawaii State Legislature that the Governor, Josh Green, M.D., has signed into law Senate Bill 1361, House Draft 2 (SB1361 HD2), which is designated as Act 055. The primary purpose of Act 055 is to extend the deadline for the pre-payment and reporting of employer contributions to the Employees' Retirement System (ERS) by state and county departments or agencies that have not complied with the required reporting format.

Key Provisions

Act 055 includes several important amendments to the Hawaii Revised Statutes, specifically Section 88-103.7, which governs employer reporting to the ERS:

  1. Extension of Deadline:

    • The Act allows for an extension of the deadline for departments or agencies that fail to provide the necessary information in the required format.

  2. Employer Contributions:

    • If a department or agency does not furnish the required information, it must pay the ERS an amount equal to the employer contributions due for the fiscal year in which the failure occurred. This payment is due on the first day of the following fiscal year.

  3. Annual Reporting Requirements:

    • The ERS is mandated to submit an annual report to the Department of Budget and Finance and the Legislature. This report must detail:
      • Any departments or agencies that failed to comply with the reporting requirements.
      • The amounts owed under the new provisions, including anticipated payments for the upcoming fiscal year and any affected state budget programs.

Impact

The enactment of Act 055 will primarily affect:
- State and County Departments/Agencies: Those that have not complied with the ERS reporting requirements will face extended deadlines and potential financial implications.
- Employees' Retirement System: The ERS will benefit from clearer reporting and compliance measures, which may enhance the management of retirement contributions.

Procedural Aspects

  • Approval Date: The bill was signed into law by the Governor on May 15, 2025.
  • Legislative Process:
    • The bill passed its final reading in the Senate on April 16, 2025, and in the House on April 8, 2025.
  • Effective Date: The Act will take effect upon its approval, which has already occurred.

This summary provides a concise overview of GM 1155 and Act 055, highlighting its purpose, key provisions, and the implications for state and county agencies in Hawaii.

Compiled from official sources — confirm details with the bill’s official record.

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