Hawaii SB730 modifies retirement allowances for certain public safety employees based on their age and years of service.
Hawaii SB730 amends the state's retirement system to adjust the retirement allowances for public safety employees, including firefighters, police officers, and investigators. The bill introduces different classes of retirement benefits based on the employee's age at retirement and their years of service. For instance, if an employee retires before age fifty-five, their retirement allowance is reduced by a percentage based on their age.
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