HRS §88-99
No benefit increases until the pension fund is fully funded
This section stops any improvements to retirement benefits, like lowering the retirement age, for any group of members. The freeze stays until the pension system's assets are worth 100% of what it owes in future benefits. It is a temporary hold tied to the fund's financial health.
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The statute, as written — Moratorium on benefit enhancements
There shall be no benefit enhancements under this chapter for any group of members, including any reduction of retirement age, until such time as the actuarial value of the system's assets is one hundred per cent of the system's actuarial accrued liability.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.