HI HB1292

Provides service credit toward state retirement benefits for time served when Hawaii National Guard members are ordered into active duty by the governor, if they are also current state or county employees.

Expands the definition of "employee" under the state deferred compensation retirement plan to include Hawaii National Guard members during periods when ordered into active service by the governor.

Requires the Department of Human Resources Development to study retirement benefit policies for National Guard members activated under state active duty orders and retired National Guard members, comparing programs from other states.

Mandates the department recommend a viable retirement benefits program for future activations and potentially retroactive benefits from 2018 emergency proclamations, with findings and recommendations due to the legislature by twenty days before the 2022 regular session.

Appropriates funds from general revenues for fiscal year 2021-2022 to conduct the study and prepare the required report.