EMPLOYEES’ RETIREMENT SYSTEM (ERS)
The ERS was established in 1926 to provide retirement allowances and other benefits to State and county government employees. The general administration of the ERS is under the direction of a Board of Trustees, with certain areas of administrative control with the Department of Budget and Finance.
Unlike most private employers’ pension plans, the State’s employee retirement plan has no “offset.” This means that your retirement benefits will not be reduced if you become eligible for Social Security. The ERS will help you keep up with inflation by providing an automatic 2.5% post-pension increase on your original retirement allowance effective July 1, beginning the calendar year after retirement. Members are covered by the provisions of the Contributory, Hybrid and Non-Contributory retirement plans.
For more information, please visit the ERS website at: http://www4.hawaii.gov/ers/