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MS SB2458
Bill
AI Summary
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Allows persons with 30 or more years of creditable service who retired as teachers and are reemployed as teachers to continue receiving their retirement allowance while earning a teacher's salary.
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Allows current teachers who complete 30 or more years of creditable service to receive a retirement allowance during their continued employment as teachers without withdrawing from service.
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Persons receiving retirement allowances while employed as teachers shall not be contributing members of the retirement system and shall not receive any additional creditable service for that employment period.
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Persons who choose not to receive a retirement allowance while reemployed as teachers remain contributing members and receive creditable service, with their allowance recomputed upon future retirement if reemployment exceeds six months.
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Effective date: July 1, 2011.
Legislative Description
Retired teachers; may draw retirement benefits and be reemployed as teachers if they have 30 years of creditable service.
Last Action
Died In Committee
2/1/2011