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Hawaii Retirement Savings Board Seeks Exec. Director

Government Affairs

Hawaii is seeking an executive director for the Hawaii Retirement Savings Program. Executive Assistant to the Deputy Director Nancy Bernal, who also serves as interim secretary to the Hawaii Retirement Savings Board (HRSB), made the announcement July 21. 

The executive director will provide technical guidance and assistance to the Hawaii Retirement Savings Program. His or her duties will include: 

  • serving as the liaison the HRSB;
  • keeping the HRSB Director abreast of all activities related to the program;
  • planning, organizing, directing, and coordinating day-to-day operations of the program;
  • overseeing requests for proposals for vendor selection for the HRSB;
  • overseeing vendor performance;
  • evaluating vendor recommendations;
  • covering HRSB meetings and information sessions;
  • providing guidance to HRSB members;
  • collaborating to develop plans, policies, procedures, policies, and guidance;
  • developing and maintaining contacts with personnel outside the department;
  • establishing and coordinating development of materials and educational efforts to educate and inform employers, employees, and the public about the program; and 
  • supervising staff. 

The application period began on July 18; it has no closing date and will be open until the state hires someone. 

About the Program

One year ago, Hawaii joined the states that provide retirement plan coverage for private-sector employees whose employers do not offer one. On July 12, 2022, Gov. David Ige (D) signed legislation creating the program into law. It went into effect immediately. 

The program has two unique features: (1) employees will not be automatically registered; in order to participate, employees will have to opt in; and (2) one of the members of the board that will administer the program will be a retiree living in Hawaii, to represent retirees.