[§389-6] Hawaii retirement savings program; contribution amount; rates.
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/hi/chapter-389/389-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§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. [L 2022, c 296, pt of §2]