Bill Text: HI SB231 | 2023 | Regular Session | Introduced
Bill Title: Relating To The Employees' Retirement System.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-01-23 - Referred to LBT, WAM. [SB231 Detail]
Download: Hawaii-2023-SB231-Introduced.html
THE SENATE |
S.B. NO. |
231 |
THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the employees' retirement system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature further finds that, upon considering the results of this study, eliminating the minimum retirement age requirement for police officers and maintaining the twenty-five years of service requirement may help to reduce the mortality rate risk factor for police officers. For example, an officer who joins the police department at twenty years of age would have the option to retire at forty-five years of age, which would significantly reduce the possibility of health risk factors associated with police work. Additionally, the Honolulu and Maui police departments have developed a lateral transfer program to attract former officers from Hawaii or elsewhere to transfer to Honolulu or Maui, but the retirement requirements of twenty-five years of service and minimum age of fifty-five discourage many qualified individuals from transferring.
The purpose of this Act is to provide an incentive to recruit and retain more police officers.
SECTION 2. Section 88-73, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Any member who:
(1) Became a member before July 1, 2012, and has at least five years of credited service and has attained age fifty-five;
(2) Became a member before July 1, 2012, and has at least twenty-five years of credited service;
(3) Has at least ten years of credited service, which includes service as a judge before July 1, 1999, an elective officer, or a legislative officer;
(4) Becomes a member after June 30, 2012, and has at least ten years of credited service and has attained age sixty; or
(5) Becomes a member after June 30, 2012,
and has at least twenty-five years of credited service [and has attained age
fifty-five],
shall become eligible to receive a retirement allowance after the member has terminated service."
SECTION 3. Section 88-99, Hawaii Revised Statutes, is amended to read as follows:
"[[]§88-99[]] Moratorium on benefit enhancements. There shall be no benefit enhancements under
this chapter for any group of members, including any reduction of retirement
age, until [such time as] the actuarial value of the system's assets is
one hundred per cent of the system's actuarial accrued liability[.];
provided that any prohibition on the reduction of retirement age shall not
apply to any member subject to section 88-73(a)(5)."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
INTRODUCED BY: |
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By Request |
Report Title:
Maui County Council Package; ERS; Retirement Age
Description:
Repeals
the minimum age requirement for individuals who become an Employees'
Retirement System member after 6/30/2012, and who have at least 25 years of
credited service.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.