MS SB2911

Reduces the required separation period for PERS retirees returning to work from 90 consecutive days to 30 consecutive days after retirement

Creates a new return-to-work option allowing eligible retirees to work at up to 80% of the position's salary while continuing to receive retirement benefits, with employers paying both employer and employee contribution rates to PERS

Prohibits retirees from using the new 80% salary return-to-work provision if serving as elected officials, K-12 school superintendents, or university/community college administrators

Requires written employment agreements for the new return-to-work option specifying position details, salary percentage, and employer contribution responsibilities, with copies submitted to the retirement system

The new 80% salary return-to-work provision expires on July 1, 2036, and excludes retirees whose benefits were subject to actuarial reduction (other than from lump-sum distributions or optional benefits)