Establishes a deferred retirement option program for Hawaii police officers to incentivize continued service.
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 this program. Key provisions include: enrollees do not pay into the retirement system, accrue sick and vacation leave credits, and receive pension payments deposited to a deferred retirement option program account. Enrollment is limited to 120 months and 35 total years of service.
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