HAR §6-26-14. REPEALED

[R 11/26/09] 26-14 §6-26-15 Computation of age to determine the age reduction penalty. (a) The member's age nearest the year and full months shall be used to determine the factors of actuarial equivalence to be applied in reducing the member's retirement allowance if the member has not reached the prescribed retirement age. (b) In computing the nearest years and full months of age of a member, any fraction of fifteen or more days shall be considered as the next older month of age. Example A: Date of retirement 2027 - 6 - 1 Date of birth 1972 - 6 - 16 Actual age 54 - 11 - 15 Nearest age 55 - 0 Example B: Date of retirement 2027 - 6 - 1 Date of birth 1972 - 6 - 17 Actual age 54 - 11 - 14 Nearest age 54 - 11 [Eff 2/9/89; am and comp 11/26/09; am and comp .APR 11 ?.022 ] (Auth: HRS §88-28) (Imp: HRS §§88­ 74, 88-282, 88-332) §6-26-16 Computation of age to determine the member's age on the date of retirement. The member's actual age in full years shall be used to determine the member's attained age on the date of retirement and shall be the member's age if the member's age is required to meet the retirement eligibility 26-15 prerequisites under parts II, VII, and VIII of chapter 88, HRS. Example A: Date of retirement 2027 - 7 - 1 Date of birth 1965 - 12 - 31 Actual age 61 - 6 - 0 Nearest age 61 Example B: Date of retirement 2027 - 12 - 31 Date of birth 1973 - 1 - 1 Actual age 54 - 11 - 30 Nearest age 54 [Effl1/26/09; am and comp APR 11 2022 (Auth: HRS §88-28) (Imp: HRS §§88-73, 88-74, 88-281, 88-282, 88­ 331, 88-332)