HAR §14-44-14
HAR §14-44-14. Investment of deferred amounts
Cite as Haw. Code R. § 14-44-14
(a)
The amounts deferred under the plan shall be invested
by the board in annuities, life insurance, savings
accounts, mutual funds, or other investment products
that are commonly offered in the securities industry
or other deferred compensation plans and are
determined by the board to be reasonably prudent
investment products.
(b)
Contracts entered into between the board and
the companies selected by the board to offer the
investment products for the plan shall be binding upon
the partjr.inants.
[Eff 5/12/83; am and comp
OCT -7 . 2023
]
(Auth:
HRS §88E-3)
(Imp:
HRS
§§8ffir.3 ; 18-W9)