Haw. Code R. § 14-44-34 - Transfers between employers under the plan
(a) When
a participant changes employment from one employer to another employer under
the plan, benefits shall not be payable under the plan. The participant's
deferred compensation account with respect to previously deferred amounts shall
continue in full force and effect.
(b) The amounts deferred in the participant's
deferred compensation account, including income attributable to the investment
of the amounts deferred, shall be transferred to the new employer. The
participant's rights under the plan shall be maintained by the new
employer.
(c) A participant shall
file an amended participation agreement and other forms as may be required to
have compensation deferred by the new employer.
Notes
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