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MS SB2148
Bill
AI Summary
- Retired public school teachers with 30 or more years of creditable service may continue receiving their Public Employees' Retirement System (PERS) retirement allowance while being reemployed as teachers and earning a teacher's salary
- Current teachers who reach 30 years of creditable service may begin receiving retirement benefits without withdrawing from service, while continuing to work and receive their salary
- Teachers who choose to receive retirement benefits during their employment will not be contributing members of PERS and will not earn any additional creditable service during that period
- Teachers may alternatively choose not to receive retirement benefits during reemployment, remain contributing members, and have their benefits recomputed upon final retirement if they work more than 6 months
- Effective date is July 1, 2023
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
1/31/2023
Committee Referrals
Finance1/11/2023
Full Bill Text
No bill text available