ERS News
If you received benefits from the ERS during 2019, ERS will be mailing your 2019 Form 1099-R to your home address by Jan. 31, 2020.
For additional information and an explanation of Form 1099, click here.
Read the full Winter Issue: http://ers.ehawaii.gov/wp-content/uploads/2019/12/Winter-2019.pdf
Cost Increase to Purchase Service – Act 86/SLH 2015
The ERS reminds members that the cost to purchase any eligible ERS refunded service or previous membership service, active duty military service, professional improvement leaves, and other authorized leaves periods will be actuarially calculated after June 30, 2020.
As a result, the purchase cost will increase as the actuarial calculation takes into consideration your age, retirement age eligibility requirements, the ERS’s investment yield rate, and other actuarial assumptions. To learn more, read: Holomua | Summer 2019
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