HB 825 Summary

• Prohibits retirees who retire on or after July 1, 2011 from a state-administered retirement system from being reemployed by a participating employer and receiving both salary and retirement benefits in the same month; requires 6-month separation before reemployment.

• Requires retirees reemployed within 6 calendar months after retirement to void their retirement and repay all benefits received to the retirement trust fund, and establishes a future retirement date.

• Suspends retirement benefits for retirees reemployed more than 6 months after retirement, with suspended amounts forfeited to the retirement plan; employers and retirees are jointly liable for improperly paid benefits unless employer has written statement that retiree is not retired.

• Restricts retirees employed by non-participating contractors who perform services for participating employers from receiving retirement benefits during such employment.

• Makes reemployment limitations applicable to all state-administered retirement systems, including Senior Management Service, State University System, and State Community College optional retirement programs; effective July 1, 2011.