RELATING TO DEFERRED RETIREMENT FOR POLICE.

SB 470 creates a new program allowing qualified police officers who have reached retirement eligibility to continue working instead of retiring immediately. It directly affects eligible officers by providing a formal mechanism to defer retirement while remaining active in their roles. The bill establishes specific eligibility criteria and administrative procedures for officers to participate in this deferred retirement option. The measure is currently pending before the LBT/PSM committees after its first reading, with no further action taken yet.