S.B. 1049 Summary

• Adds new section to Chapter 78, Hawaii Revised Statutes to regulate financial settlements for public employees who retire or leave employment while under criminal charges, allegations of misconduct, or federal investigation.

• Limits initial settlement amounts to the lesser of the employee's annual salary or $50,000 for employees facing criminal charges, misconduct allegations, or federal investigation.

• Allows settlements exceeding the cap only after the employee receives a final determination of innocence or clearance of wrongdoing.

• Applies to all public employees of the State or counties, including contractors, civil service employees, and probationary or provisional employees.

• Takes effect upon approval.