HRS §88-94
Income tax withholding on retirement payments
Retirement payments from the system must have income taxes withheld as required by federal law. The system is responsible for paying those withheld taxes. The board of trustees will make rules to carry out this section.
beneficiaries
The statute, as written — Withholding of income taxes
Pension, annuity, and retirement allowance payments from the system shall be subject to income tax withholding requirements as set forth by the federal government; payment of these taxes as withheld shall be the liability of the system. The board of trustees shall adopt rules to administer the purposes of this section.
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