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MS SB2360
Bill
AI Summary
- Retired public school teachers with 30 or more years of creditable service may receive their full retirement allowance while simultaneously earning a teacher's salary if they return to work as public school teachers
- Active teachers who reach 30 years of creditable service may begin receiving retirement benefits without withdrawing from service, allowing them to collect both retirement and salary concurrently
- Teachers who choose to receive retirement benefits while working will not be contributing members of the retirement system and will not accrue additional creditable service during that period
- Teachers may alternatively choose to forgo retirement benefits during reemployment, continue contributing to the system, and have their retirement allowance recomputed upon final retirement if they work more than 6 months
- Effective date is July 1, 2022
Legislative Description
Retired teachers; allow to draw retirement benefits and be reemployed as teachers if having 30 years of creditable service.
Last Action
Died In Committee
2/1/2022
Committee Referrals
Education1/17/2022
Full Bill Text
No bill text available