RELATING TO DEFERRED RETIREMENT FOR POLICE.

SB 273 establishes a new deferred retirement program specifically for police officers. This bill allows eligible officers to delay their retirement while continuing to serve, deferring their retirement benefits until a later date. The key provision creates a formal option for officers to extend their service without immediately accessing retirement pay, directly affecting current and future police officers in the state. The program aims to provide flexibility for officers who wish to remain on duty longer while managing their retirement benefits.