HI HB202

Amends the definition of "adequate reserve fund" in Hawaii Revised Statutes Section 383-63 by increasing the multiplier used to calculate the fund from an existing factor of 1 to unspecified amounts for calendar years 2026 and 2027 and thereafter.

Excludes the benefit cost rate from June 2020 through August 2021 from calculations of the highest benefit cost rate used in the adequate reserve fund formula.

Requires the Department of Labor and Industrial Relations to conduct an actuarial study to determine whether a further increase in the multiplier is necessary to maintain sufficient reserves in the unemployment compensation trust fund.

Directs the Department of Labor and Industrial Relations to submit a report with findings, recommendations, and any proposed legislation to the legislature no later than twenty days before the 2026 regular session convenes.

Takes effect on July 1, 2050.