HOUSE OF REPRESENTATIVES	H.B. NO.	521
TWENTY-EIGHTH LEGISLATURE, 2015
STATE OF HAWAII

A BILL FOR AN ACT

 

 

Relating to the employees' retirement system.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  Section 88-12, Hawaii Revised Statutes, is amended to read as follows:

     "§88-12  Bonus; requirements, limitations.  No retirement allowance or pension payable under the employees' retirement system shall be increased by any bonus for any retirant or beneficiary unless the person for whose service the pension is payable has had sufficient service to qualify for the minimum service retirement allowance except as provided in [[]paragraph[]] (1) of section 88-11; provided that this provision shall not operate to increase the pension of any person who was receiving a pensioner's bonus on July 1, 1951, without having met the minimum service requirements but such person shall continue to receive the pension the person was receiving on June 30, 1955."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.
     SECTION 3.  This Act shall take effect on July 1, 2015.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Employees' Retirement System

 

Description:

Makes a technical amendment to the law regarding retirement allowance or pension payable under the employees' retirement system with regard to pensioners' bonuses. 

 

 

 

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