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HOUSE OF REPRESENTATIVES |
H.B. NO. |
521 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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STATE OF HAWAII |
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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 Statutory material to be repealed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.
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INTRODUCED BY: |
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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.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.