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HI SB2766
Bill
AI Summary
SB2766 Summary
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Clarifies that members of Hawaii's Employees' Retirement System must have all required contributions made to the system by the employee or employer to be eligible for accidental death benefits.
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Amends the definition of "accidental death" to require members to have been employed in a position with all contributions made to the retirement system at the time of the accident.
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Requires service-connected disability benefit applicants to have been employed in positions where all required contributions to the retirement system were made by the employee or employer.
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Applies the contribution requirement to both regular members (Section 88-79) and Class H members (Section 88-336) seeking service-connected disability retirement benefits.
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Aims to reduce and control the unfunded liability of the Employees' Retirement System and prevent future retirement contribution increases.
Legislative Description
Relating To The Employees' Retirement System.
Employees' Retirement System
Last Action
Act 069, 06/29/2018 (Gov. Msg. No. 1170).
7/5/2018