RELATING TO DEFERRED RETIREMENT FOR POLICE.

SB 470 creates a program allowing qualified police officers who meet retirement eligibility to continue working instead of retiring immediately. It directly affects eligible officers by providing a voluntary option to remain employed beyond their standard retirement age. The key provision establishes a formal process for officers to defer retirement while maintaining their current position and compensation. The bill does not change retirement benefits or require new funding, focusing solely on extending service eligibility for participating officers.