HI HB112

Eliminates the minimum age requirement of 55 for police officers hired after June 30, 2012, who have at least 25 years of credited service to retire from the Employees' Retirement System.

Allows police officers who join the department at age 20 to potentially retire at age 45 after completing 25 years of service, reducing health risks associated with police work.

Recognizes that police officers have significantly shorter life expectancy than the general population due to stress, shift work, obesity, and hazardous work environments.

Carves out an exception to the statutory moratorium on benefit enhancements by exempting this retirement age reduction from the requirement that system assets reach 100% of actuarial accrued liability.

Takes effect upon approval and is intended to provide recruitment and retention incentives for police officers, particularly for lateral transfer programs in Honolulu and Maui.