Deferred Compensation Plan Board of Trustee

The Deferred Compensation Plan Board of Trustees governs Hawaii's Section 457(b) deferred compensation retirement savings plan, which is available to state and county employees as a supplement to their pension benefits. The board selects investment options, oversees plan administration, sets fees, and ensures the plan is managed in compliance with IRS requirements and the best interests of participating employees. It meets regularly to review investment performance and plan operations.

State and county employees in Hawaii who participate in the deferred compensation plan are pili pono ʻia by the board's investment option selections and fee decisions, which shape the retirement savings they accumulate over a career. Employees can review board decisions and plan performance through the plan administrator's annual reports.