MS SB2779

Creates new Section 25-11-126 allowing retired public school teachers with 30+ years of creditable service who retired within the previous 5 years to work full-time in public schools while continuing to receive their retirement allowance, subject to superintendent certification and other conditions.

Limits such reemployed retirees to no more than 5% of a school district's licensed employees and prohibits them from becoming contributing retirement system members or accruing additional service credit during reemployment.

Requires employers to pay 26.4% of reemployed retirees' compensation to the retirement system instead of the regular employer contribution rate, through June 30, 2026.

Authorizes school districts to negotiate salary levels for reemployed retirees and exempts them from automatic experience-based salary increases, except as negotiated between the district and employee.

Sunsets the entire program on July 1, 2026; makes conforming amendments to retirement system membership and teacher salary schedule provisions.