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MS SB2053
Bill
AI Summary
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Creates Section 25-11-126 allowing retired teachers with 30 or more years of creditable service to continue receiving retirement allowances while employed as teachers in public schools, in addition to teacher salary.
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Permits teachers who complete 30 or more years of creditable service during employment to begin receiving retirement allowances while continuing to work as teachers without withdrawing from service.
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Individuals receiving retirement allowances under this provision shall not be contributing members of the retirement system nor receive creditable service for the period during which they receive a retirement allowance while employed as teachers.
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Modifies Section 25-11-103 to clarify that persons receiving retirement allowances during teacher employment are not considered to have "withdrawn from service" for purposes of the retirement system definition.
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Effective July 1, 2014.
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
2/4/2014