HAR §14-44-6
HAR §14-44-6. Re-enrollment
Cite as Haw. Code R. § 14-44-6
A former participant
may again apply for enrollment in the plan by filing a
participation agreement with the administrator.
[Eff
5/12/83; comp
OCT -7 20Z1
]
(Auth:
HRS §88E-3)
(Imp:
HRS §§88E-2, 88E-3)
SUBCHAPTER 2
DEFERRALS
§14-44-7
Deferrals allowed; authorization;
commencement.
(a)
Only compensation from an employer
which has not yet been paid shall be deferred under
the plan.
(b)
Upon receipt of a payroll authorization form
signed by the participant, which designates the amount
of compensation to be deferred, compensation shall be
deferred each payroll date by the employer, provided
there are sufficient funds to make the designated
deferral, or the deferred amount is in accordance with
section 414(u) of the Code and as provided those
amounts represent compensation prescribed under the
Code.
The authorization form shall be transmitted by
the administrator to the state comptroller or county
director of finance, as applicable.
' (c)
The participant shall designate the amount
to be deferred as either a pre-tax or Roth
contribution, as allowable under section 457 of the
Code.
(d)
An amount designated to be deferred as a
Roth contribution shall be treated as a designated
Roth contribution, and in accordance with sections 14
44-39 to 14-44-43.
44-6
§14-44-9
(e)
Deferrals shall commence as soon as
practicable, but not earlier than the first day of the
next calendar month following the date on which the
board accepts the participation ~greement.
[Eff
5/12/83; am and comp
7 2023
]
(Auth:
HRS
§88E-3)
(Imp:
HRS §88E-3)