HRS §389-6
Hawaii retirement savings program: contribution amount and rates
This section sets the default amount taken from a worker's pay for the Hawaii retirement savings program. It also lets workers choose a different amount, within federal limits. It does not cover other program details.
employees
The statute, as written — 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.
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