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THE SENATE |
S.B. NO. |
1090 |
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THIRTY-FIRST LEGISLATURE, 2021 |
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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 2. Section 88-63, Hawaii Revised Statutes, is
amended to read as follows:
"[[]§88-63[]] Credit for unused sick leave. (a) This subsection applies to public employees
who became members of the system before July 1, 2021.
A public employee, to whom this
subsection applies, who retires or leaves government service in good
standing with sixty days or more of unused sick leave shall be entitled to
additional service credit in the [retirement] system as follows:
(1) An employee with sixty days of unused
sick leave to the employee's credit shall have the employee's years of service
increased by three months for the purpose of computing the employee's
retirement allowance[.]; and
(2) For each additional twenty days or major
fraction thereof of unused sick leave in excess of sixty days that the employee
has to the employee's credit the employee shall have the employee's years of
service increased by one month for the purpose of computing the employee's
retirement allowance.
(b)
This subsection applies to public
employees who become members of the system after June 30, 2021.
A
public employee, to whom this subsection applies, who retires or leaves
government service in good standing with any unused sick leave shall be
entitled to additional service credit in the system as follows:
(1) An employee with one-hundred twenty days of
unused sick leave to the employee's credit shall have the employee's years of
service increased by three months for the purpose of computing the employee's
retirement allowance; and
(2) For each additional forty days or major fraction
thereof of unused sick leave that the employee has to the employee's credit,
the employee shall have the employee's years of service increased by one month
for the purpose of computing the employee's retirement allowance.
(c)
The allowance on service retirement of
section 88-74 and the service benefit limitation therein shall not apply to
retirement allowances [which] that exceed
such limitations by virtue of the application of this section in the
computation of retirement allowances and no reduction in such retirement allowances
shall be made on account of such limitations."
SECTION
3. Statutory material to be repealed is
bracketed and stricken. New statutory
material is underscored.
SECTION 4. This Act, upon its approval, shall take effect on July 1, 2021.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
Employees' Retirement System; Unused Sick Leave Credit for Public Employees
Description:
Changes the formula for crediting unused sick leave to retirement benefits for public employees who become members of the Employees' Retirement System after June 30, 2021.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.