HB310 CHANGES CERTAIN PROVISIONS OF PUBLIC SCHOOL AND NONTEACHER SCHOOL EMPLOYEE RETIREMENT SYSTEM.
Sponsor: Franklin, Richard (53) Effective Date:00/00/0000
CoSponsor: LR Number:1003-01
Last Action: 01/25/1999 - Referred: Retirement (H)
HB310
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB310 Copyright(c)
* Introduced

Available Bill Text for HB310
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Available Fiscal Notes for HB310
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BILL SUMMARIES

INTRODUCED

HB 310 -- Public School Retirement System and Nonteacher System

Sponsor:  Franklin

Currently, in both the Public School Retirement System and the
nonteacher system, the spouse of a member under certain
conditions may elect to receive survivorship benefits or payment
of accumulated contributions.  This bill substitutes the phrase
"primary beneficiary" with an insurable interest in the life of
the deceased member for the word "spouse."  Under current law,
retired teachers may work on a part-time or temporary-substitute
basis for up to 550 hours per school year; this bill adds that
the retired teacher may earn up to 50% of the annual
compensation payable under the district's salary schedule for
the position filled by the retiree and also provides means for
determining salary for a position not on the schedule, for newly
created positions, and for retirees filling multiple positions.
In a new section, the bill permits retired teachers and
nonteachers, except those retired on disability, to establish a
second or subsequent membership in the system after a one-year
vesting period.  Such membership is separate and not combinable
for service credit or benefits with a previous membership.  Such
members will not draw a benefit from their first membership
while in covered employment.  The bill also makes a change to
the nonteacher system for certain members who were certified as
vocational-technical teachers by making the basis for
certification a degree or work experience instead of a degree
and work experience, making these provisions identical to the
teachers' system requirements.

The bill contains an emergency clause.


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