Statutes, codes, and regulations
Hawaii Revised Statutes
Division 1 - GOVERNMENTTitle 7 - PUBLIC OFFICERS AND EMPLOYEESChapter 88 - PENSION AND RETIREMENT SYSTEMSPart II - RETIREMENT FOR PUBLIC OFFICERS AND EMPLOYEES
MEMBERSHIP; SERVICE
Section 88-46.6 - Erroneous contributions from compensation of class C members; contributions from overpaid compensation

Haw. Rev. Stat. § 88-46.6

Download
PDF
Current through Chapter 253 of the 2024 Legislative Session
Section 88-46.6 - Erroneous contributions from compensation of class C members; contributions from overpaid compensation

Regular interest shall be credited to a class C member on any deductions erroneously made from the compensation of the member and paid into the annuity savings fund. The interest shall continue until the earlier of:

(1) Refund of the deductions to the member; or
(2) Return of the deductions to the member's employer.

The foregoing shall not require the payment of interest on deductions made from any amounts that exceed the compensation to which a member is entitled.

HRS § 88-46.6

L 2007, c 215, §1 .