§88-90  Post retirement allowances. 
(a)  There shall be payable to each person receiving any pension, annuity or
retirement allowance, a post retirement allowance which shall consist of an
amount equivalent to one and one-half per cent of the monthly pension, annuity
or retirement allowance as originally computed, approved and paid.  This
benefit shall be added to the monthly pension, annuity or retirement allowance
on the first day of July in each year following June 30, 1961, as follows:



(1)  To each person receiving a pension, annuity or
retirement allowance on June 30, 1961, payment of the benefit shall
commence on July 1, 1961, except that after June 30, 1963, the
monthly benefits payable under this subsection shall be computed and paid on
the basis of the number of years that has elapsed since the person entitled
thereto first became the recipient of the pension, annuity or retirement
allowance from which the benefit is derived.



(2)  To each person first receiving a pension, annuity
or retirement allowance after June 30, 1961, payment of the benefit shall
commence on the first of July following the calendar year in which the payment
of the pension, annuity or retirement allowance is effective.



(b)  After June 30, 1970, the post
retirement allowance shall consist of an amount equivalent to two and one-half
per cent of the monthly pension, annuity or retirement allowance as originally
computed and paid.  This benefit shall be payable on the first day of July in
each year following June 30, 1970, as follows:



(1)  To each person, who on June 30, 1970, was
receiving a post retirement allowance as described under subsection (a) hereof,
payment of the benefit shall commence on July 1, 1970.



(2)  To each person first receiving a pension, annuity
or retirement allowance after December 31, 1968, payment of the benefit
shall commence on the first day of July following the calendar year in which
the payment of the pension, annuity or retirement allowance is effective. [L
1961, c 175, §7; am L 1963, c 127, §10; Supp, §6-49.5; HRS §88-81; am L 1969, c
110, pt of §1; am L 1970, c 113, §1]