This bill amends the Sheriffs' Pension and Relief Fund regulations, specifically addressing the reemployment of retirees in sheriff's offices. It modifies the existing provisions regarding part-time reemployment benefits for retirees, allowing those who retired before January 1, 2024, to receive a retirement or disability benefit while working part-time. Under the new provisions, these retirees can earn up to sixty percent of their final average compensation during the first two years after retirement and up to sixty-five percent thereafter. Additionally, employer and employee contributions will be required during this reemployment period, and contributions will be returned upon termination of reemployment.

The bill also clarifies that the existing rules for part-time reemployment will not affect the provisions for full-time reemployment. The new regulations will be in effect from July 1, 2024, until June 30, 2028, specifically for retirees who retired before the specified date. The amendments aim to provide more flexibility for retirees seeking part-time work while still receiving benefits from the pension fund.

Statutes affected:
SB415 Original: 11:2175(E)(1)
SB415 Engrossed: 11:2175(E)(1)
SB415 Enrolled: 11:2175(E)(1)
SB415 Act 349: 11:2175(E)(1)