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MI HB4694
Bill
Status
12/31/2020
Primary Sponsor
Jim Lilly
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AI Summary
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Creates temporary exemptions until July 1, 2025 allowing retirants to work in critical shortage discipline areas without losing retirement benefits, provided the reporting unit pays 100% of unfunded actuarial liability contributions for retiree health care and pension.
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Permits retirants employed as substitute teachers, instructional coaches, or school improvement facilitators to earn up to 1/3 of their final average compensation annually without forfeiting retirement allowance or health care subsidy, if retired at least 12 months prior.
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Allows retirants to work in positions funded by federal grants for school renewal programs and national service programs (such as AmeriCorps) without losing retirement benefits, with reporting units bearing full contribution costs.
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Provides exception for retirants employed under extended COVID-19 learning plans who may be hired immediately after retirement without the standard 12-month waiting period.
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Maintains existing restrictions on earnings and prevents retirants from using new employment compensation or service for recalculating retirement allowances in these exempted positions.
Legislative Description
Retirement: public school employees; allowing a retirant to be employed at a reporting unit under certain conditions without forfeiting retirement allowance or health care coverage; modify. Amends sec. 61 of 1980 PA 300 (MCL 38.1361).
Retirement: public school employees
Last Action
Assigned Pa 267'20 With Immediate Effect
12/31/2020