Haw. Rev. Stat. § 389-6

Current through Chapter 253 of the 2024 Legislative Session
Section 389-6 - Hawaii retirement savings program; contribution amount; rates

The default contribution amount deducted from the payroll of a covered employee who has elected to contribute to the program shall be equal to five per cent of the covered employee's salary or wages; provided that an employee may elect to contribute a higher or lower percentage of compensation as long as the amount does not exceed the applicable contribution dollar limits under the Internal Revenue Code.

HRS § 389-6

Added by L 2022, c 296,§ 2, eff. 7/12/2022.