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GM 635

Submitting for consideration and confirmation to the Board of Trustees of the Deferred Compensation Plan, Gubernatorial Nominee, LANCE LARSEN, JR., for a term to expire 06-30-2029.

2026 Regular Session

Hawaii legislature considers confirming Lance Larsen, Jr. to manage the state's public employee deferred compensation plan through 2029.

The committee(s) on LBT has scheduled a public hearing on 03-11-26 3:00PM; CR 225 & Videoconference.
#boardoftrusteesofthedeferredcompensationplan
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Bill Summary · GM 635

Legislative bill overview

Bill GM 635 is a gubernatorial nomination requiring legislative confirmation of Lance Larsen, Jr. to the Board of Trustees of the Deferred Compensation Plan. The confirmation would be for a term expiring June 30, 2029. This is a routine administrative action submitted to Hawaii's legislature for consideration.

Why is this important

Deferred compensation plans are significant retirement savings vehicles for public employees, and board trustees make decisions affecting plan management, investments, and participant benefits. Confirmation processes ensure public oversight of who manages these important employee benefits and retirement funds.

Potential points of contention

  • Lack of publicly available biographical information about the nominee's qualifications, experience, and potential conflicts of interest
  • Limited transparency in the nomination materials provided to the legislature and public
  • No apparent public hearing or vetting process detailed in the bill's recent actions

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

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