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THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.



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

 1      SECTION 1.  Section 88-21, Hawaii Revised Statutes, is
 
 2 amended by adding a new definition to be appropriately inserted
 
 3 and to read:
 
 4      ""Compensation" or "annual compensation":  the basic rate of
 
 5 pay for service performed in a particular position excluding all
 
 6 overtime, differentials, and supplementary pay."
 
 7      SECTION 2.  Section 88-261, Hawaii Revised Statutes, is
 
 8 amended by amending subsection (a) to read as follows:
 
 9      "(a)  The following words and phrases as used in this part
 
10 shall have the same meanings as defined in section 88-21, unless
 
11 a different meaning is plainly required by the context:
 
12 "accumulated contributions"; "actuarial equivalent"; "average
 
13 final compensation"; "beneficiary"; "compensation"; "county";
 
14 "employee"; "medical board"; "retirant"; "retirement allowance";
 
15 "service"; and "system"."
 
16      SECTION 3.  New statutory material is underscored.
 
17      SECTION 4.  This Act shall take effect on July 1, 1999.
 
18 
 
19                           INTRODUCED BY:  _______________________
 

 
a                                                     BUF-31(99)