REPORT TITLE:
ERS; Pension Accum. Fund



DESCRIPTION:
Extends ERS pensioners' bonus until July 1, 2001.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           833
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO EMPLOYEES' RETIREMENT SYSTEM.



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

 1      SECTION 1.  Act 339, Session Laws of Hawaii 1990, as amended
 
 2 by Act 98, Session Laws of Hawaii 1993, as amended by Act 275,
 
 3 Session Laws of Hawaii 1994, and as amended by Act 327, Session
 
 4 Laws of Hawaii 1997, is amended by amending section 5 to read as
 
 5 follows:
 
 6      "SECTION 5.  This Act shall take effect on July 1, 1990, and
 
 7 shall be repealed as of June 30, [1999;] 2001; provided that
 
 8 section 88-11, Hawaii Revised Statutes, is reenacted in the form
 
 9 in which it read on the day before the approval of this Act; and
 
10 provided further that the repeal and reenactment shall not affect
 
11 entitlement to benefits accruing to any retirant, pensioner, or
 
12 beneficiary pursuant to this Act prior to July 1, [1999.] 2001."
 
13      SECTION 2.  Statutory material to be repealed is bracketed.
 
14 New statutory material is underscored.
 
15      SECTION 3.  This Act shall take effect upon its approval.
 
16 
 
17                           INTRODUCED BY:  _______________________