HRS §386-205
How surplus fund money can be refunded to employers
This section explains when the board can refund extra money from a fund year. Refunds go only to employers who stayed in the group for the whole year. Members get a written description of the refund plan when they apply.
employers
The statute, as written — Refunds
(a) Any moneys for a fund year in excess of the amount necessary to fund all obligations for that fund year may be declared to be refundable by the board of trustees not less than twelve months after the end of the fund year. (b) Each member shall be given a written description of the refund plan at the time of application for membership. A refund for any fund year shall be paid only to those employers who remain participants in the group for the entire fund year. Payment of a refund based on a previous fund year shall not be contingent on continued membership in the group after that fund year.
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