HI SB99

Allows retired state employees to return to work as school resource officers or investigators without losing pension benefits or re-enrolling in the Employees' Retirement System, addressing labor shortages in law enforcement positions.

Applies to law enforcement officers stationed at public schools and investigators in the Department of the Attorney General or Department of Law Enforcement when positions are designated as difficult-to-fill.

Requires a 12-month waiting period after retirement before reemployment and prohibits any pre-retirement return-to-work agreements between the retirant and employer.

Mandates that hiring agencies contribute to the pension accumulation fund to cover the system's unfunded actuarial accrued liability for rehired retirants.

Expands annual reporting requirements to the legislature to include details on retirants employed as school resource officers and investigators, with an effective date of January 1, 2077.