Hawaii HB2358 modifies the retirement system for elective officers, allowing them to opt out of membership and altering retirement allowance rules.
Hawaii HB2358 amends the state's retirement system for elective officers. It allows elective officers to choose exclusion from the system, with the election being irrevocable. If an officer fails to opt out within 30 days of taking office, they become a member. The bill also changes rules for retirement allowances, ensuring they do not suspend under certain conditions. This Act takes effect upon approval.
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