§88-103  Records.  (a)  The board of
trustees shall keep a record of all its proceedings which record shall be open
to public inspection.  It shall publish annually a report showing in detail: 
(1) the fiscal transactions of the system for the year ending the preceding
June 30, (2) the amount of the accumulated cash and securities of the
system, and (3) an actuarial valuation of the assets and liabilities of the
system.  The board shall submit the report to the governor and shall furnish
copies thereof to the heads of the various departments of the State and county
for their use and the use of the members employed therein.



(b)  The board shall include in its annual
report submitted prior to January 1 of each odd-numbered year:  (1) a
comparison of the investment performance of the system with the investment
performances of the public employees' retirement systems of other jurisdictions
which have authority to make investments substantially similar to the
investment authorized under section 88-119, and (2) a comparison of the funded
ratio on June 30 of the preceding year with the funded ratios of the
public employees' retirement systems of other jurisdictions. [L 1925, c 55,
§5(10); RL 1935, pt of §7924; RL 1945, pt of §707; RL 1955, §6-67; HRS §88-93;
am L 1969, c 110, pt of §1; am L 1984, c 108, §7]