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).
TOM MORTON