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MS HB581
Bill
Status
3/5/2024
Primary Sponsor
Bo Brown
Click for details
AI Summary
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Requires the Public Employees' Retirement System (PERS) to conduct a feasibility study on allowing retired public school teachers to work full-time in public schools after retirement while receiving their full retirement allowance and contract compensation.
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Study must examine impacts on PERS unfunded liability, actuarial assumptions, employer contribution rates, teacher retirement patterns, and other financial aspects of the system.
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PERS must complete the study and report findings to the Legislature by December 1, 2024.
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Takes effect upon passage.
Legislative Description
PERS; conduct study on feasibility of allowing retired teachers to continue to work full-time and receive full retirement allowance.
Last Action
Died In Committee
3/5/2024