Hawaii Revised Statutes 88f. Deferred Compensation Retirement Plan for Part-Time, Temporary, and Seasonal or Casual Employees

• 88f-1 Definitions.
  As used in this chapter, unless the context clearly indicates otherwise: "County" means the counties of Honolulu, Hawaii, Kauai, and Maui. "Employee" means a...
• 88f-2 State Deferred Compensation Retirement Plan for State and County Part-Time, Temporary, and Seasonal or Casual Employees.
  The State may establish a deferred compensation retirement plan in accordance with sections 457 and 3121 of the Internal Revenue Code of 1986, as...
• 88f-3 Board of Trustees.
  (a) The authority to establish the plan and implement this chapter is vested in the board of trustees which currently administers the state deferred...
• 88f-4 Compensation and Expenses.
  Each trustee shall serve without compensation but shall be reimbursed by the plan for any necessary expense incurred in the performance of the trustee's...
• 88f-5 Legal Adviser.
  The attorney general shall be the legal adviser of the board. [L 1996, c 212, pt of §2]
• 88f-6 Deferred Funds.
  Sums deferred under the plan, as well as property and rights purchased with the amounts and income attributable to the amounts, shall be held...
• 88f-7 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...
• 88f-8 Repealed.
  L 2000, c 253, §138.
• 88f-9 Limitation on Liability.
  The State or county shall not be liable for the sums deferred or the results of any investment product. [L 1996, c 212, pt...
• 88f-10 Deferred Amounts As Compensation.
  Any compensation deferred pursuant to a plan established under this chapter shall be deemed regular compensation, but shall not be included in the computation...
• 88f-11 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...
• 88f-12 County Deferred Compensation Retirement Plan for Part-Time, Temporary, and Seasonal or Casual Employees.
  A county may enter into a formal agreement with the State to extend the State's deferred compensation retirement plan and its provisions to part-time,...
• 88f-13 Existing Retirement and Deferred Compensation Plans.
  This chapter shall not affect any existing retirement or deferred compensation plans established under section 457 of the Internal Revenue Code of 1986, as...

Last modified: October 27, 2016