Establishes a deferred retirement option program for police officers in Hawaii.
The bill establishes a deferred retirement option program for police officers in Hawaii. Eligible officers who have reached the service requirements for retirement can enroll in the program. Terms include locking service and benefit levels, no additional service credit accrual, and no eligibility for deferred compensation. Officers in the program will not pay into the retirement system but will accrue sick and vacation leave credits. The program aims to incentivize qualified officers to continue working beyond the requisite twenty-five years of service.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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