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MS SB2032
Bill
AI Summary
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Creates Section 25-11-126 allowing persons with 30+ years of creditable service who were teachers at retirement to continue receiving retirement allowance while working as public school teachers, in addition to teacher salary.
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Allows current public school teachers who complete 30+ years of creditable service to receive retirement allowance during continued employment as teachers without withdrawing from service.
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Persons receiving retirement allowance while employed as teachers under this provision shall not be contributing members of the retirement system nor accrue additional creditable service during that employment period.
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Modifies Section 25-11-103 to exclude from the definition of "withdrawal from service" those who choose to receive retirement allowance during teacher employment under Section 25-11-126.
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Effective July 1, 2015.
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
2/3/2015