What's Being Discussed

Departure of the Vice Chair: The committee will talk about the recent departure of the Administrative and Audit Committee's Vice Chair.
Compliance reports: The Compliance Office will present two quarterly updates — one covering overall governance and risk management, and one on the ERS Modernization Project, an effort to update the retirement system's technology and processes.
Internal audit update: The outside auditing firm KMH LLP will report on audit work completed in September 2026 and provide a progress update on past audit recommendations that management has been working to address.
Cybersecurity (closed session): The committee will meet privately to discuss sensitive matters related to information security, technology risk, and protection of retirement system data.

Decisions Expected

The committee will vote to approve meeting minutes from August 19, 2026, including minutes from a prior closed (executive) session.
No other formal votes are listed, but the committee may take action on items arising from the reports discussed.

Who Should Pay Attention

Hawaii state and county employees and retirees who are members of the Employees' Retirement System (ERS) — this committee oversees the administration and financial integrity of their pension fund.
Anyone interested in government accountability, as this meeting covers auditing and compliance oversight of a public retirement fund.

The meeting takes place on Monday, November 2, 2026, at 1:00 p.m. at City Financial Tower, Suite 1200, Honolulu. The public may attend in person or join via Microsoft Teams. Written testimony is due by 4:30 p.m. on Friday, October 30, 2026.