§88-213 - Division of retirement systems.
§88-213 Division of retirement systems.
The employees' retirement system (or such components thereof as may be
established by the governor or the governor's agent pursuant to section
218(d)(6) of the Social Security Act) shall, for the purpose of this chapter,
be deemed to constitute two retirement systems as provided in, and in
accordance with, section 218(d)(6) one of which is composed of the members of
the system who have expressed a desire to be covered under the Social Security
Act and the other of which is composed of the members of the system who have
not expressed a desire for such coverage. Upon request of the governing body
of any political subdivision operating a retirement system, the membership of
its retirement system may likewise be divided. [L 1957, c 284, §5; Supp,
§6-191.5; HRS §88-213; gen ch 1985]