Chapter 88E — Chapter 88E
6 sections in this chapter.
HRS §88E-10 REPEALED
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§88E-10 REPEALED. L 2000, c 253, §137.
HRS §88E-3 Board of trustees
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§88E-3 Board of trustees. (a) The authority to establish the plan and implement this chapter is vested in the board of trustees. The board shall be placed within the department of human resources development for administrative purposes. (b) The board shall adopt such rules to car…
HRS §88E-4 Composition of the board of trustees
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§88E-4 Composition of the board of trustees. The board of trustees shall consist of seven members as follows:
HRS §88E-5 Appointment and terms
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§88E-5 Appointment and terms. Except for the directors of human resources development and finance, the members of the board shall be nominated and, by and with the advice and consent of the senate, appointed by the governor and shall serve terms of four years each; provided that …
HRS §88E-8 Deferred funds
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§88E-8 Deferred funds. Sums deferred under the plan, as well as property and rights purchased with such amounts and income attributable to such amounts, shall be held in trust outside the state treasury in accordance with section 457 of the Internal Revenue Code of 1986, as amend…
HRS §88E-9 Investments
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§88E-9 Investments. (a) The board may create a trust or other special funds for the segregation of funds or assets resulting from compensation deferred and for the administration of the plan. (b) Participating employees shall invest their deferred compensation in the investment p…