| SB 1223 | Allows certain part-time employees to receive creditable service from the public school retirement system |
| Sponsor: | Jacob | |||
| LR Number: | 4917S.02I | Fiscal Note: | 4917-02 | |
| Committee: | Pensions and General Laws | |||
| Last Action: | 04/10/02 - SCS Voted Do Pass S Pensions and General Laws | Journal page: | ||
| Committee (4917S.04C) | ||||
| Title: | SCS SB 1223 | |||
| Effective Date: | Emergency Clause | |||
SCS/SB 1223 - The act would allow certain part-time employees of the public school retirement system who were vested as of June 30, 1997 to accrue creditable service for retirement. The SCS also makes provisions for the purchase of creditable service for the time in which the employee was part-time and who works not less than 16 hours a week and not more than 20 hours a week. Additional purchases may be paid over a period of five years or the length of whole years of creditable service acquired, whichever is longer. Part-time employment would be eligible for creditable service at the rate of one-half year of service for each school year completed subsequent to June 30, 1997.
This act contains an emergency clause.
CINDY KADLEC