Haw. Rev. Stat. § 88F-2
This is the official text of Haw. Rev. Stat. § 88F-2, part of Hawaii’s Rev. Stat — part of the compiled statutory law of Hawaii, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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State deferred compensation retirement plan for state and county part-time, temporary, and seasonal or casual employees.
Official statutory text
The State may establish a deferred compensation retirement plan in accordance with sections 457 and 3121 of the Internal Revenue Code of 1986, as amended, for the benefit of employees to defer a portion of their compensation to a future period of time. Participation in the plan shall be mandatory, with a mandatory payroll deduction by the employee equal to seven and five-tenths per cent of the employee's gross monthly wages, which shall be contributed to the plan. A county may enter into a formal agreement with the State to extend the State's plan and its provisions to part-time, temporary, and seasonal or casual employees of the county; provided that:
(1) The agreement designates one of the county's agencies to locally coordinate the plan; and
(2) The department of human resources development may levy fees on the county pursuant to rules adopted in accordance with chapter 91. [L 1996, c 212, pt of §2; am L 2004, c 178, §2]
(1) The agreement designates one of the county's agencies to locally coordinate the plan; and
(2) The department of human resources development may levy fees on the county pursuant to rules adopted in accordance with chapter 91. [L 1996, c 212, pt of §2; am L 2004, c 178, §2]
Status: in_force · Read it on the official government site
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