summary
Introduced
01/25/2017
01/25/2017
In Committee
01/27/2017
01/27/2017
Crossed Over
Passed
Dead
05/04/2017
05/04/2017
Introduced Session
2017 Regular Session
Bill Summary
Provides that a member of the employees' retirement system who first earned credited service as a judge after June 30, 2017, and has at least twelve years of credited service and attained age sixty, or has at least twenty-five years of credited service and has attained age fifty-five is eligible to receive a pension after retirement. Reduces the retirement allowance for a member who first earned credited service as a judge after June 30, 2017, to two per cent of the member's average final compensation, reduced for each month the member's age at the date of retirement is below age sixty.
AI Summary
This bill amends the Hawaii Revised Statutes to change the retirement eligibility and pension calculation for members of the employees' retirement system who first earned credited service as a judge after June 30, 2017. Specifically, the bill states that such members are eligible to receive a pension if they have at least 12 years of credited service and have attained age 60, or have at least 25 years of credited service and have attained age 55. The bill also reduces the retirement allowance for these members to 2% of their average final compensation, reduced for each month their retirement age is below 60.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Referred to LAB, FIN, referral sheet 4 (on 01/27/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=987&year=2017 |
| BillText | http://www.capitol.hawaii.gov/session2017/bills/HB987_.HTM |
| Bill | http://www.capitol.hawaii.gov/session2017/bills/HB987_.pdf |
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