What's Being Discussed

Departure of the Vice Chair: The committee will discuss the recent departure of its Vice Chair and what that means going forward.
Compliance quarterly reports: Staff will present two updates — one on the overall health of the organization's governance and risk management practices, and one on the ERS Modernization Project, an effort to update the retirement system's technology and operations.
Internal audit update: The outside auditing firm KMH LLP will report on audit work completed in September 2026 and track whether management has followed through on fixing issues flagged in past audits.
Closed-door cybersecurity session: The committee will meet privately to discuss sensitive matters involving information security, technology risk, and the protection of ERS data assets. The board's attorneys may also be consulted during this session.

Decisions Expected

Approval of the regular and executive session meeting minutes from August 19, 2026.
No other formal votes are listed, though the committee may take action on items discussed during the meeting.

Who Should Pay Attention

State and county employees and retirees whose pension benefits are managed by the Employees' Retirement System (ERS).
Anyone interested in how Hawaii's public employee retirement fund is managed, audited, and kept secure.
Members of the public who want to comment may do so in person, by video, or by phone. Written testimony should be submitted by 4:30 p.m. on Monday, October 12, 2026, to dale.kanae@hawaii.gov.