Hawaii Revised Statutes 88-109 – Funds of the system
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The assets of the system are assigned to the following funds hereby created:
Terms Used In Hawaii Revised Statutes 88-109
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.