S.C.R. NO. 133 Summary

• Requests the University of Hawaii Economic Research Organization (UHERO) to conduct a study on CEO-to-worker pay ratios for companies operating in Hawaii, preferably analyzed by industry.

• Study must assess the impact of various pay ratios on Hawaii's economy and identify options for the state to reduce CEO-to-worker pay disparities, including for nonprofit organizations and Public Utilities Commission-regulated companies.

• UHERO must submit findings, recommendations, and any proposed legislation to the Legislature no later than 40 days before the 2026 regular session convenes.

• Cites data showing CEO compensation increased 1,209 percent from 1978-2023 while typical worker pay rose only 15.3 percent, with S&P 500 CEO-to-worker pay ratios reaching 268-to-1 in 2023.

• Directs certified copies to be transmitted to the Director of Business, Economic Development, and Tourism; Insurance Commissioner; and Public Utilities Commission Chairperson.