D. Administration; Financing

 

§88-101  Payment of existing pensions. (a)  The pensions of all teachers on the pension rolls of the retirement fundfor pensioning retired teachers on January 1, 1926, shall be continued andpaid from the pension accumulation fund at the rates at which they were paidprior to that date.

(b)  The pensions of all other persons retiredprior to April 22, 1925, and granted pensions on account of service forthe Territory shall, if they were in force on June 30, 1925, be continuedand paid from the pension accumulation fund.  Any additional amount required tocontinue such pensions shall be provided by an increase in the accruedliability contribution otherwise payable to the pension accumulation fund.

(c)  The administration and payment of allother pensions provided by the legislature and the pensions and allowancessimilarly provided for veterans of the Hawaii guard shall be the responsibilityof the system from and after June 5, 1953.  All sums required for thesepurposes shall be provided by appropriation to the system. [L 1925, c 55, pt of§9, and §10; am L Sp 1933, c 10, §§3, 4; RL 1935, §7928; am L 1935, c 45, §2;RL 1945, §713; RL 1955, §6-55; HRS §88-91; am L 1969, c 110, pt of §1]