HI SB442

Expands the types of positions that Employees' Retirement System (ERS) retirants can fill without reenrolling in the system or losing retirement benefits to include positions needed for succession planning

Retirants seeking reemployment in succession planning positions must not have been employed by the State or county during the 12 calendar months before reemployment and must not have had a pre-retirement return-to-work agreement

Employers hiring retirants for succession planning positions must contribute the required percentage of the rehired retirant's compensation to the pension accumulation fund to cover unfunded actuarial accrued liability

Addresses public sector labor shortages by making it easier to retain experienced workers in critical positions identified by the appropriate jurisdiction

Effective date set to July 1, 3000 (placeholder date indicating further action needed before implementation)