Hawaii Revised Statutes 88-95 – Withholding of dues and insurance premiums
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Terms Used In Hawaii Revised Statutes 88-95
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
A retirant or the retirant’s surviving beneficiary shall have withheld from the retirant’s or the retirant’s surviving beneficiary’s pension, annuity, or retirement allowance, payments to the employer-union health benefits trust fund and employee organizations for dues and insurance premiums.