Hawaii Revised Statutes 88e. Deferred Compensation Plan

• 88e-1 Definitions.
  As used in this chapter, unless the context clearly indicates otherwise: "County" means the counties of Hawaii, Kauai and Maui, and the city and...
• 88e-2 State Deferred Compensation Plan.
  The State may establish a deferred compensation plan in accordance with section 457 of the Internal Revenue Code of 1954, as amended, for the...
• 88e-3 Board of Trustees.
  (a) The authority to establish the plan and implement this chapter is vested in the board of trustees. The board shall be placed within...
• 88e-4 Composition of the Board of Trustees.
  The board of trustees shall consist of seven members as follows: (1) The director of human resources development of the State or a designated...
• 88e-5 Appointment and Terms.
  Except for the directors of human resources development and finance, the members of the board shall be nominated and, by and with the advice...
• 88e-6 Compensation and Expenses.
  Each trustee shall serve without compensation but shall be reimbursed from the fund for any necessary expense incurred in the performance of the trustee's...
• 88e-7 Legal Advisor.
  The attorney general shall be the legal advisor of the board. [L Sp 1981 1st, c 7, pt of §1]
• 88e-8 Deferred Funds.
  Sums deferred under the plan, as well as property and rights purchased with such amounts and income attributable to such amounts, shall be held...
• 88e-9 Investments.
  (a) The board may create a trust or other special funds for the segregation of funds or assets resulting from compensation deferred and for...
• 88e-10 Repealed.
  L 2000, c 253, §137.
• 88e-11 Limitation on Liability.
  The State or county shall not be liable for the sums deferred or the results of any investment product. [L Sp 1981 1st, c...
• 88e-12 Deferred Amounts As Compensation.
  Any compensation deferred pursuant to a plan established under this chapter shall be deemed regular compensation for the purpose of computing contributions or benefits...
• 88e-13 Costs of the Plan.
  Costs for implementing and administering the plan shall be borne by the plan and its participants, except for incidental expenses, such as, the cost...
• 88e-14 County Deferred Compensation Plans.
  The counties may establish deferred compensation plans for their respective employees. A plan so established need not be subject to the other provisions of...
• 88e-15 Existing Deferred Compensation Plans.
  This chapter shall not affect any existing deferred compensation plan established under section 457 of the Internal Revenue Code, as amended. [L Sp 1981...

Last modified: October 27, 2016