Terms Used In Hawaii Revised Statutes 88D-5

  • Special pay plan: means a governmental retirement plan that meets the requirements of sections 401(a) and 414(d) of the Internal Revenue Code, and which may be a qualified pick-up plan under section 414(h)(2) of the Internal Revenue Code. See Hawaii Revised Statutes 88D-1

Costs associated with the implementation and administration of a special pay plan established pursuant to this chapter shall be borne by the selected plan provider.