AL HB470

Retirees from the Employees' Retirement System or Teachers' Retirement System who have collected benefits for at least 12 consecutive months may return to work for either system without suspension of retirement benefits and without the annual earning limit

Returning retirees must commit to a minimum of three consecutive years of employment with the participating employer

Returning retirees must pay a percentage of their earnable compensation (set by the Board of Control) to support retirement system administrative expenses; this payment is non-refundable

Returning retirees are prohibited from accruing any additional retirement benefits for their post-retirement service

Effective date: October 1, 2026