Report Title:

Employee Retirement System; Military Service

Description:

Extends time period for application for increased pension to those who served in the armed forces.

HOUSE OF REPRESENTATIVES

H.B. NO.

2775

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to the employee retirement system.

 

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

SECTION 1. Section 88-132.5, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:

"(c) Any retirant receiving a pension or retirement allowance under this chapter, who retired prior to July 2, 1989, who rendered honorable active military service in the armed forces of the United States and who had at least eight years of credited service in the system at retirement, shall be eligible for an increase in pension or retirement allowance for each year of military service up to four years, as follows:

(1) A retirant with eight years of credited service in the system at retirement may be certified with up to two years of military service;

(2) A retirant with twenty years of credited service in the system at retirement may be certified with up to three years of military service; and

(3) A retirant with twenty-five years of credited service in the system at retirement may be certified with up to four years of military service.

Upon certification by the system, each year of certified military service shall provide an increase of $36 a month in the retirant's pension or retirement allowance effective July 1, 2001; provided that the retirant claims the military service between July 1, 2001, and [June 30, 2002] June 30, 2005. Military service certified under this subsection shall not be considered membership service credit nor shall it provide for any other benefits under this chapter."

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 Statutory material to be repealed is bracketed and stricken.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

SECTION 3. This Act shall take effect on July 1, 2004.

 

 

INTRODUCED BY:

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