HRS §88-110
Who manages and invests the pension fund money
Read the official text at capitol.hawaii.gov ↗The board of trustees is in charge of the pension system's money. They can invest it and manage the investments, but only within the rules set by law. They can buy, sell, or handle the fund's securities and property as allowed.
trustees
The statute, as written — Board; trustees of funds
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The board of trustees shall be trustees of the several funds of the system and may invest and reinvest such funds as authorized by this part and by law from time to time provided. Subject to the terms, conditions, limitations and restrictions of this part and by law from time to time provided, the trustees may hold, purchase, sell, assign, transfer or dispose of any of the securities and investments in which any of the funds created herein shall have been invested, as well as of the proceeds of the investments and any moneys belonging to the funds.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.