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Bill

Bill

SB 1401

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

2026 Regular Session Introduced by Ron Kouchi

Hawaii SB 1401 modifies the Employees' Retirement System, currently in committee review with unclear specific provisions affecting public worker benefits and state finances.

Carried over to 2026 Regular Session.
#benefits #creditedservice #ers #employercontributions
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Bill Summary · SB 1401

Legislative bill overview

SB 1401 relates to Hawaii's Employees' Retirement System (ERS), though the specific provisions are not detailed in the available documentation. The bill was introduced in January 2025, passed first reading, and has been referred to the Labor and Business/Tourism Committee (LBT) and Ways and Means Committee (WAM) for further consideration.

Why is this important

Changes to state employee retirement systems affect thousands of public workers, retirees, and state budgets. ERS modifications can influence pension benefits, contribution rates, funding levels, or eligibility—all of which have significant fiscal and personal financial consequences for affected employees and taxpayers.

Potential points of contention

  • The bill's specific provisions remain unclear from available legislative records; stakeholders may debate whether changes strengthen or weaken retirement security
  • Any modifications to contribution rates, benefit formulas, or eligibility standards typically generate debate between public employee unions, state finance officials, and taxpayers
  • Potential fiscal impact on Hawaii's state budget and long-term pension fund sustainability could be contentious depending on proposed changes

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

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