§88-46.6 - Erroneous contributions from compensation of class C members; contributions from overpaid compensation. - Hawaii Statutes

     [§88-46.6]  Erroneous contributions from compensation of class C members; contributions from overpaid compensation.  Regular interest shall be credited to a class C member on any deductions erroneously made from the compensation of the member and paid into the annuity savings fund.  The interest shall continue until the earlier of:

     (1)  Refund of the deductions to the member; or

     (2)  Return of the deductions to the member's employer.

The foregoing shall not require the payment of interest on deductions made from any amounts that exceed the compensation to which a member is entitled. [L 2007, c 215, §1]