HB 1203 Summary

• Eliminates member contribution requirements for retired teachers who return to teaching and remain below annual hour limits (700-1,000 hours depending on contract length).

• Requires member and employer contributions to be paid on salary earned after a retired teacher exceeds the annual hour limit, triggering discontinuation of retirement benefits.

• Maintains treatment of returning retirees as retired for all other purposes, preventing additional service credit, benefit adjustments, or access to active member benefits like disability coverage.

• Establishes three-tier benefit resumption upon subsequent retirement based on additional service credit earned (less than 2 years, 2-5 years, or 5+ years), with options for refunds or recalculated annuities.

• Becomes effective July 1, 2013, and is declared an emergency measure.