LA HB20

Increases the earnings limit for reemployed Teachers' Retirement System retirees from 25% to 100% of their final average compensation before retirement benefits are reduced

Applies to retirees who retired on or after July 1, 2020 and return to active service with a covered employer

Reduces the benefit suspension period for retirees returning to work from 12 months to 3 months following their retirement effective date

Allows retirees in full-time positions to switch from Option 1 (earnings limit) to Option 2 (rejoin system) before or after reaching the 100% earnings threshold

Any costs resulting from these changes must be funded through additional employer contributions per Article X, Section 29(F) of the Louisiana Constitution