Hawaii Revised Statutes Division 1. Government § 37B-4

(a) To comply with article VII, section 6, of the Constitution of the State of Hawaii, the legislature may prepay the State's unfunded accrued pension liability. When choosing to do so, the legislature shall appropriate general funds to be expended to pay more than the required contribution for a fiscal year for the State's unfunded accrued pension liability in order to amortize that unfunded liability earlier than scheduled at the time of the appropriation.

(b) For the purpose of this section, the “required contribution for a fiscal year for the State's unfunded accrued pension liability” means the portion of the contribution for a fiscal year payable by the State that is allocated to amortize the unfunded accrued liability of the State as determined under sections 88-122(d) and 88-123. The term shall not include the portion of the contribution allocated to fund the State's normal cost for state employees.

(c) An appropriation of general funds to pay more than the required contribution for a fiscal year for the State's unfunded accrued pension liability shall be deposited into the pension accumulation fund established under section 88-114.

(d) In no case shall an appropriation of general funds made pursuant to this section be expended for or credited to any cost or liability of a county under chapter 88.