S.B. 2686 Summary

• Establishes conditions allowing Employees' Retirement System retirants to be reemployed by the State or counties without reenrollment in the system or loss of benefits, subject to specific requirements.

• Authorizes reemployment without reenrollment for elective officers, legislators, jurors, precinct officials, part-time/temporary employees excluded from the system, and employees in labor shortage or teacher shortage positions.

• Requires a six-month or twelve-month separation period before reemployment (depending on position type) and prohibits pre-retirement agreements between the State/county and retirant for post-retirement employment.

• Imposes penalties on retirants employed in violation of these conditions, including reimbursement of benefits received plus 8% annual interest, payment of employee contributions owed plus interest, and administrative expenses.

• Requires employers violating reemployment restrictions to pay employer contributions plus 8% interest and administrative expenses; mandates annual legislative reports on retirant reemployments in labor shortage and teacher shortage positions.