SB 1377 Allows the hiring of a retired teacher to work between 550 and 800 hours without losing their retirement
Sponsor:Bray Co-Sponsor(s)
LR Number:4852S.01I Fiscal Note:4852-01
Committee:Pensions and General Laws
Last Action:03/30/04 - Hearing Conducted S Pensions & General Laws Journal page:
Committee
Title:
Effective Date:August 28, 2004
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Current Bill Summary

SB 1377 - This act allows 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.
DONALD THALHUBER