Hawaii Retirement Savings Board

The Hawaii Retirement Savings Board administers the state's retirement savings program for private-sector workers who do not have access to an employer-sponsored retirement plan. The program facilitates automatic payroll deduction into individual retirement accounts, with employees able to opt out. The board sets program rules, selects investment options, and oversees program administration and outreach.

Hundreds of thousands of Hawaii workers in the private sector lack access to employer retirement plans, and this board's program is designed to help them save for retirement automatically. Small business employers and employees who currently lack retirement benefits may be affected by program requirements.