HAR §14-59-19

HAR §14-59-19. No contributions for one year

Last amended: 1997Length: 83 wordsOfficial source

Cite as Haw. Code R. § 14-59-19

If no contributions on behalf of a participant are received by the investment provider for a period of one year, the participant shall be deemed to have separated from service even if a separation from service notice was not filed with the investment provider. A lump sum distribution to the participant shall be processed automatically by the investment provider within sixty days after the end of the one-year period of no contributions. [Eff APR 26 1997 ] (Auth: HRS §88F-3) (Imp: HRS §88F-3)
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