SB 229
Allows the hiring of a retired teacher to work between 550 and 800 hours without losing their retirement benefits
Sponsor:
LR Number:
1126S.01I
Last Action:
1/27/2005 - Second Read and Referred S Pensions, Veterans' Affairs and General Laws Committee
Journal Page:
S134
Title:
Calendar Position:
Effective Date:
August 28, 2005

Current Bill Summary

SB 229 - This act would allow the hiring of a retired teacher to work between 550 and 800 hours as a teacher, librarian, counselor or other position without losing their retirement benefit. Such a teacher may earn up to 75% of the regular earnings for that position. The act requires the district to contribute the regular contribution percentage, which is 10.5% this year, but will be 11% next year and will continue to increase by 0.5% per year for the next few years.

This act is identical to your SB 1377 (2004).

DONALD THALHUBER

Amendments