Report Title:
ERS; Semimonthly Payments for Bargaining Units 5 and 12 Retirees; Retirement Date Exceptions
Description:
Allows 9, 10, and 11-month employees, elective officers, and appointees of the governor to specify the effective date of their retirement. (SD2)
THE SENATE |
S.B. NO. |
797 |
TWENTY-SECOND LEGISLATURE, 2003 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the employees' retirement system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 88-73, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) A member may retire upon the written application specifying the date of retirement, which shall not be less than thirty days nor more than one hundred fifty days subsequent to the date of filing. Retirement shall be effective on the first day of a month, except for the month of December when retirement on the first or last day of the month shall be allowed[.]; provided that retirement shall be effective on the date specified in the written application of nine-, ten-, or eleven-month employees, elective officers, and appointees of the governor."
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 Statutory material to be repealed is bracketed and stricken.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.