Senate Bill 66 Summary

• Increases earnings limit for retired teachers under age 62 from $15,000 to $30,000 annually for classified or nonclassified personnel positions.

• Maintains $30,000 earnings limit for retired teachers age 62 and older performing classified or nonclassified duties.

• Allows retired classified or nonclassified members retired for 36 or more months to earn unlimited annualized income with no reduction in retirement benefits.

• Requires public school districts to make employer contributions to the Teachers' Retirement System for retired members, except when compensation is paid from federal funds.

• Effective date: November 1, 2015.