HI HB115

Eliminates the minimum age requirement for police officers who became Employees' Retirement System members after June 30, 2012, allowing retirement with 25 years of credited service regardless of age.

Cites research showing police officers have significantly shorter life expectancy than the general population due to stress, shift work, and hazardous work environments, with male officers aged 50-54 having a 40% mortality probability compared to 1% for the general population.

Aims to incentivize police officer recruitment and retention, including through lateral transfer programs in Honolulu and Maui that are hindered by current age and service requirements.

Modifies the moratorium on benefit enhancements to allow reduction of retirement age for members subject to the new 25-year service requirement, while maintaining the moratorium for other member groups.

Takes effect upon approval.