HRS §88-111
Who holds and pays out the pension fund money
Read the official text at capitol.hawaii.gov ↗The state finance director is in charge of holding the pension funds. Money can only be paid out when the board chair signs a voucher and another board-designated person also signs it. This section sets who controls the funds and the payment approval process.
state agencies
The statute, as written — Custodian of the 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 State director of finance shall be the custodian of the several funds. All payment from the funds shall be made by the director of finance only upon vouchers signed by the chairperson and countersigned by such other person as may be designated by the board of trustees.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.