Senate Bill No. [insert bill number] amends the reemployment policies for retired members of the Teachers' Retirement System of Louisiana (TRSL) by introducing new provisions under R.S. 11:710.3. This legislation allows retirees who retired on or before June 30, 2010, to receive benefits while reemployed, subject to specific conditions related to age and employment duration. It establishes earning limits, stipulating that retirees cannot exceed fifty percent of their original final average compensation during reemployment, and outlines the contributions required from both retirees and employers. The bill also provides options for retirees to suspend their benefits and regain membership in the system if they take on critical shortage positions.

Additionally, the bill repeals existing statutes R.S. 11:710, 710.1, and 710.2, which previously governed the reemployment of retired teachers. It includes new reporting requirements for employers, mandating that they report the names, social security numbers, positions, employment status, and earnings of reemployed retirees within forty-five days after June 30 each year. The legislation emphasizes that retirees will not accrue additional service credits or retirement benefits during their reemployment and can apply for a refund of their contributions without interest upon termination. The provisions of this bill are set to take effect on July 1, 2026, ensuring a more flexible framework for retired educators returning to the workforce while managing their retirement benefits.

Statutes affected:
SB14 Original: