DE HB478

Increases the annual earnings limit for pensioners under the State Employees' Pension Plan who work in non-pension creditable positions from $30,000 to $40,000, effective for calendar year 2021 and beyond.

Maintains the $1.00 pension benefit reduction for every $2.00 earned above the annual earnings limit threshold.

Applies the earnings limit to temporary, casual, seasonal, or substitute employees and substitute teachers employed by school districts.

Requires a 6-month separation of service from retirement before reemployment for individuals under age 65 in Governor-appointed, temporary, or substitute teaching positions.

Exempts certain positions from pension suspension, including elected officials, election officials, jurors, and per diem General Assembly employees.