REPORT TITLE:
Pension and Retirement Systems


DESCRIPTION:
Requires the employee's retirement system to recognize a division
of property pursuant to a court order or divorce decree affecting
the rights of the persons named in the order or decree to
pension, retirement, or other benefits under chapter 88.      

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
HOUSE OF REPRESENTATIVES                H.B. NO.671        
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO PENSION AND RETIREMENT SYSTEMS. 


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Chapter 88, Hawaii Revised Statutes, is amended
 
 2 by adding a new section to be appropriately designated and to
 
 3 read as follows:
 
 4      "§88-       Permitted assignment.  Upon submission to the
 
 5 system of a certified copy of a divorce decree entered under
 
 6 section 580-41 or a court order entered under section 580-47, the
 
 7 rights of the persons named in the decree or order to a pension,
 
 8 retirement allowance, annuity, optional benefit, death benefit,
 
 9 or other right under this chapter shall be as set forth in the
 
10 decree or order and shall be deemed a permitted assignment under
 
11 this chapter."
 
12      SECTION 2.  New statutory material is underscored.
 
13      SECTION 3.  This Act shall take effect upon its approval.
 
14 
 
15                           INTRODUCED BY:  _______________________