ยง88-106 - Correction of errors.
ยง88-106ย Correction of errors.ย Should
any change or error in records result in any member, retirant, or beneficiary
receiving from the system more or less than the member, retirant, or
beneficiary would have been entitled to receive had the records been correct,
the board of trustees shall correct the error and as far as practicable, shall
adjust the payments in such a manner that the actuarial equivalent of the
benefit to which the member, retirant, or beneficiary was correctly entitled
shall be paid.ย Should any error in calculation or records result in any
member, retirant, or beneficiary receiving from the system more than the
member, retirant, or beneficiary would have been entitled to receive had the
calculation or records been correct, the board of trustees shall correct the
error and may forgive any such overpayment. [L 1925, c 55, ยง13; RL 1935, ยง7932;
RL 1945, ยง717; RL 1955, ยง6-57; HRS ยง88-96; am L 1969, c 110, pt of ยง1; gen ch
1985; am L 1986, c 95, ยง1]