Loading chat...
CT SB00267
Bill
Status
5/26/2016
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
-
Allows teachers to retain their Plan D coparticipant designation after divorce by filing a qualified domestic relations order with the board, effective July 1, 2016.
-
Changes abandoned benefits policy so nonvested members' accounts receive credited interest after twenty-five years for vested members or ten years for nonvested members, rather than being transferred to the pension reserve account.
-
Permits retired teachers with 34+ years of service to work in alliance district schools without compensation limits from July 1, 2016 through June 30, 2018.
-
Allows retired teachers to be reemployed and receive full compensation, health insurance, and benefits without receiving concurrent retirement income, with retirement payments resuming after employment ends.
-
Permits reemployment for up to two school years in subject shortage areas or priority school districts with employer notification requirements.
Legislative Description
An Act Making Changes To The Teachers' Retirement System Concerning Retention Of The Plan D Coparticipant Option After Divorce, Crediting Interest On Certain Inactive, Nonvested Members, Reemployment Of Retired Teachers And Eliminating Certain Obsolete Language.
Last Action
Signed by the Governor
5/26/2016