|SB 0410||Allows a retired LAGERS member to be considered re-employed upon subsequent employment in LAGERS|
|LR Number:||L1854.03T||Fiscal Note:||1854-03|
|Committee:||Pensions and General Laws|
|Last Action:||06/10/99 - Signed by Governor||Journal page:|
|Title:||HCS SB 410|
|Effective Date:||August 28, 1999|
HCS/SB 410 - This act allows a LAGERS retirant who becomes employed in LAGERS to be considered re-employed with contributions due immediately. The retirant cannot simultaneously be paid as an employee and receive retirement benefits. When the re-employed retirant retires again with one or more years of continuous membership service, the retirant, upon request, receives an additional allowance determined by average compensation and service since re-employment only, and if the member serves less time than that specified under the final average compensation calculation (3 years or 5 years, depending on which one the political subdivision has chosen). This provision does not apply to persons retiring under total and permanent disability.
This act also removes a six-month deadline to file an application to become a member of LAGERS for certain officials who meet membership qualifications.
This act is the same as SCS/HB 464 (1999).