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HI HB382

Bill

Status

Introduced

1/26/2015

Primary Sponsor

Joy San Buenaventura

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Adds a new section to Chapter 88, Hawaii Revised Statutes, authorizing the Employees' Retirement System to make benefit payments to alternate payees (former spouses or former civil union partners) pursuant to qualified domestic relations orders.

  • Requires alternate payees to submit an application and domestic relations order to the system; the system must review and approve orders as "qualified" before disbursing benefits in accordance with the order's terms.

  • Allows the system to charge an administrative fee to the member, retirant, and alternate payee in proportion to benefits paid, with the fee deductible from the benefit payment.

  • Modifies Section 88-91 to except qualified domestic relations order payments from the general rule that retirement benefits are exempt from execution, garnishment, and assignment.

  • Effective date: January 1, 2018.

Legislative Description

Employees' Retirement System; Division of Pension

Last Action

The committee(s) on FIN recommend(s) that the measure be deferred.

2/18/2015

Committee Referrals

Finance1/26/2015

Full Bill Text

No bill text available