Each employer may adopt rules to implement this chapter including but not limited to:

1. (1) The method of filing an election to accept an adjustment in earnings and revocation of the election;
2. (2) The effective date of an election;
3. (3) Changes in the amount of the adjustment in earnings; and
4. (4) Selection of the insurance company or companies from which the annuity contracts are to be purchased or to which payments into a qualified custodial account are to be made.

[L 1967, c 40, pt of §1; HRS §303-4; am L 1999, c 123, §2(5)]