This bill amends the Municipal Police Employees' Retirement System by modifying the conditions under which retirees can be reemployed without losing their retirement benefits. Specifically, it changes the suspension period for benefits from twelve months to ninety days for retirees who return to work after retirement. The bill also eliminates a previous provision that allowed for certain exceptions to this rule, thereby streamlining the reemployment process for retirees.

Additionally, the bill repeals the existing provision that mandated a sixty-day waiting period during which reemployed retirees could not receive benefits. This change aims to provide more flexibility for retirees seeking employment while still receiving their retirement benefits, thus encouraging experienced personnel to return to the workforce. Overall, the bill seeks to balance the interests of retirees with the operational needs of employers within the Municipal Police Employees' Retirement System.

Statutes affected:
HB963 Original: 11:2220(J)(1), 11:2220(J)(4)
HB963 Engrossed: 11:2220(J)(1), 11:2220(J)(4)
HB963 Reengrossed: 11:2220(J)(1), 11:2220(J)(4)
HB963 Enrolled: 11:2220(J)(1), 11:2220(J)(4)
HB963 Act : 11:2220(J)(1), 11:2220(J)(4)