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HI HB791
Bill
Status
1/28/2015
Primary Sponsor
Marcus Oshiro
Click for details
AI Summary
H.B. 791 Summary
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Amends Section 88-73 to clarify eligibility requirements for judges who became members before July 1, 2012 and first earned credited service as a judge after June 30, 1999, allowing retirement with either 5 years of service at age 55 or 25 years of service at any age.
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Modifies Section 88-74(c) to change the age requirement for judges first earning credited service after June 30, 2012 from age 60 to age 55 when computing retirement allowances.
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Updates Section 88-74(d) to harmonize age and service requirements for judges with other elective and legislative officers in the employees' retirement system.
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Removes outdated provisions regarding judges who first earned credited service after July 1, 2012, consolidating retirement benefit calculations.
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Takes effect retroactively to July 1, 2012.
Legislative Description
Employees' Retirement System; Judges
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Oshiro, Souki excused (2).
2/19/2015