Establishes a deferred retirement option program for police officers in Hawaii.
The bill establishes a deferred retirement option program for police officers in Hawaii. Qualified officers who have reached the service requirements for retirement can enroll in the program. Participants will receive healthcare benefits as retirees but will not receive disability benefits, additional service credit, or deferred compensation. Enrollment is limited to 120 months, with a maximum tenure of 35 years. Participants will not pay into the retirement system but will accrue sick and vacation leave credits.
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