392-61 Establishment of trust fund for disability benefits.

HI Rev Stat § 392-61 (2019) (N/A)

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Part heading amended by L 2013, c 100, §8.

§392-61 Establishment of trust fund for disability benefits. There is established in the treasury of the State, separate and apart from all public moneys or funds of the State, a trust fund for disability benefits which shall be administered by the director exclusively for the purposes of this chapter; and for the establishment and maintenance of a family leave data collection system under section 398-9.5. All contributions pursuant to this part shall be paid into the fund and all benefits payable under this part shall be paid from the fund. The fund shall consist of[:]

(1) All contributions collected pursuant to this part, together with any interest thereon;

(2) All fines and penalties for the fund pursuant to this chapter;

(3) All moneys collected by way of subrogation;

(4) Interest earned on any moneys in the fund;

(5) Any property or securities acquired through the use of moneys belonging to the fund;

(6) All earnings of such property and securities; and

(7) All other moneys received for the fund from any source. [L 1969, c 148, pt of §1; am L Sp 2009, c 7, §3; am L 2013, c 100, §6]

Revision Note

In the last sentence, (1) to (7) reformatted as paragraphs (1) to (7) pursuant to §23G-15.

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392-62 Management of the fund.