This bill amends the Municipal Police Employees' Retirement System by modifying the rules regarding the reemployment of retirees. Specifically, it changes the suspension period for retirement benefits for retirees who return to work after retirement. The bill stipulates that any retiree who retires on or after July 1, 2021, and subsequently becomes employed will have their benefits suspended for either the duration of their employment or for a period of ninety days from their retirement date, whichever comes first. This replaces the previous twelve-month period mentioned in the law.

Additionally, the bill repeals the existing provision that allowed for the payment of retirement benefits to reemployed retirees under certain conditions, effectively eliminating the sixty-day waiting period for receiving benefits after retirement. This change aims to streamline the reemployment process for retirees while ensuring that the retirement system remains sustainable.

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)