THE SENATE	S.B. NO.	2608
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII

A BILL FOR AN ACT

relating to pension calculations.

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

SECTION 1. Section 88-21.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

"(b) For a member who becomes a member after June 30, 2012, unless a different meaning is plainly required by context, "compensation" as used in this part:

(1) Means:

(A) The normal periodic payments of money for service, the right to which accrues on an hourly, daily, monthly, or annual basis;

(B) Shortage differentials;

(C) Elective salary reduction contributions under sections 125, 403(b), and 457(b) of the Internal Revenue Code of 1986, as amended;

(D) Twelve-month differentials for employees of the department of education; [and]

(E) Retroactive payments of those purposes and nature of payments authorized in subparagraphs (A) through (D), and certified as compensation pursuant to section 88-64; and

(F) Payments for overtime while the member worked during an emergency proclamation applicable to that member;

(2) Shall not include any other additional or extra payments to an employee or officer, including overtime[,] not specifically included in compensation under paragraph (1)(F), supplementary payments, bonuses, lump sum salary supplements, allowances, or differentials, including differentials for stand-by duty, temporary unusual work hazards, compression differentials, or temporary differentials, except for those expressly authorized pursuant to paragraphs (1)(B) through (1)(E); and

(3) Retroactive payments shall be deemed earned when it would have been earned, as determined by the system pursuant to section 88-64."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________

Report Title:

ERS; Public Employment; Pension Calculation; Overtime

Description:

Includes overtime pay earned during an emergency proclamation as part of the pension calculation for individuals who became a member of the Employees' Retirement System after 6/30/2012.

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