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. Participants will have their service and benefit levels locked, accrue sick and vacation leave credits, and receive pension payments deposited into a deferred retirement option program account. The program aims to incentivize qualified officers to continue working beyond the requisite twenty-five years of service.
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