United States — Hawaii
HRS § 88-111 - Custodian of the funds
1 provisions
The State director of finance must act as custodian of the funds and may make payments from them only with the required signed vouchers.
Act or statute Open & Chat
United States — Hawaii Statutes
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United States — Hawaii
HRS § 88-112 - Annuity savings fund; annual statement
1 provisions
The annuity savings fund is made up of members’ accumulated contributions, including post-retirement fund contributions made from July 1, 1988, and a member may request an annual statement of accumulated contributions.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-113 - Payments from annuity savings fund
1 provisions
Lump sum payments and a retiring member’s accumulated contributions are charged or transferred between the specified funds.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-114 - Pension accumulation fund
1 provisions
The pension accumulation fund holds State and county contributions and investment income, and pays benefits from that fund except benefits that are specifically payable from other funds.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-116 - Expense fund
1 provisions
The board of trustees must biennially estimate how much money is needed for the system’s expense fund and pay that amount from investment earnings, subject to legislative review and gubernatorial approval.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-119 - Investments
1 provisions
The board may make and manage certain system investments, and it must report, develop criteria, and consider impacts for some Hawaii venture capital/private placement investments.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-119.5 - Investment guidelines
1 provisions
The board of trustees can set minimum and maximum loan amounts and interest rates for these real estate loans and mortgages, and it must adopt, amend, and repeal rules to implement the section, except for loan amounts and interest rates.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-12 - Bonus; requirements, limitations
1 provisions
Retirement allowances and pensions under the employees' retirement system may not be increased by a bonus unless the service requirement for the minimum service retirement allowance is met, subject to an exception in section 88-11(1).
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-120 - Service charges
1 provisions
The board of trustees may pay reasonable amounts from investment funds for mortgage servicing, investment advisory or consultative services, and other prudent investment-related costs it approves.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-121 - Power to make agreements to protect securities on reorganization or otherwise
1 provisions
The board of trustees may make agreements and accept securities for protecting the system’s interests or reorganizing an issuer, but the agreement and deposit need written approval by a majority of the board.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-121.5 - Power to enter into security loan agreements
1 provisions
The board of trustees may lend system securities to a qualified financial institution, but the borrower must return identical securities, keep collateral at least 102% of market value, and satisfy daily monitoring and related conditions.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-122 - Determination of employer normal cost and accrued liability contributions
1 provisions
The actuary must calculate employer contribution amounts for two employee groups, and the board must allocate pension fund assets between them each June 30.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-123 - Amount of annual contributions by the State and counties
1 provisions
The State and each county must pay annual contributions to the pension accumulation fund, calculated under the section’s formulas.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-124 - Payment of state contributions to the system
1 provisions
The State must pay the system’s funds on a monthly schedule or in advance, and must pay any additional amount owed by the end of the next fiscal quarter.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-125 - Contributions by certain state agencies
1 provisions
Certain state departments, the Office of Hawaiian Affairs, and the Hawaii health systems corporation must reimburse the State and set aside federal-aid funds for the State’s system-liability amounts, with quarterly calculation and payment handling rules.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-126 - Payment of county contributions to the system
1 provisions
Counties must make and pay system contributions on the schedule stated here, and the director of finance may retain transient accommodations tax money if a county does not pay on time.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-127 - Guaranty
1 provisions
The State and counties must fund specified pension-system costs, investment income must be used to pay those obligations, and system funds must be held in trust by the board for the system and its members.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-13 - Bonus; retirants not eligible for
1 provisions
A bonus may not be paid to a person who retires on or after July 1, 1957, if that person receives or will receive social security benefits based partly or entirely on State or local government contributions.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-131 - Definitions
1 provisions
This provision defines terms used for sections 88-131 to 88-142, including military service, service member, and the Servicemen's Act.
Act or statute Open & ChatUnited States — Hawaii
HRS § 88-132 - Service credit; payment of contributions
1 provisions
Eligible active members who leave for military service can receive service credit, and the State or county must pay related pension contributions; late payment triggers regular interest.
Act or statute Open & Chat