MN HF4162

Employers must make employer contributions to the Teachers Retirement Association fund when hiring reemployed annuitants (retired teachers who return to work), as specified in section 354.42, subdivision 3

Reemployed annuitants may continue receiving their retirement annuity, but payments are deferred by one-half of any salary exceeding $46,000 in the following calendar year

No annuity deferral requirement applies once a reemployed annuitant reaches Social Security normal retirement age

Reemployed annuitants cannot earn additional service credit or make employee contributions based on their post-retirement employment, but employers are now required to contribute

Effective date is the day following final enactment