HRS §88-109
How the retirement system's money is divided
This section creates three separate funds for the retirement system's money: the annuity savings fund, the pension accumulation fund, and the expense fund. All assets of the system are placed into one of these funds.
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The statute, as written — Funds of the system
The assets of the system are assigned to the following funds hereby created: (1) The annuity savings fund; (2) The pension accumulation fund; and (3) The expense fund.
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