HI HB202

Amends the definition of "adequate reserve fund" in Hawaii's Employment Security Law by introducing multipliers to calculate the fund amount, with unspecified multiplier values for calendar year 2026 and a different unspecified value for calendar year 2027 and thereafter

Excludes the benefit cost rate from June 2020 through August 2021 (the COVID-19 pandemic period) from the calculation of the highest benefit cost rate used to determine the adequate reserve fund

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

Department must submit findings, recommendations, and any proposed legislation to the legislature no later than 20 days before the 2026 regular session

Effective date set for July 1, 2050, indicating this is a placeholder bill awaiting further amendments before implementation