The bill enacts R.S. 11:710.3, establishing new provisions for the reemployment of retired teachers in Louisiana while repealing the previous sections R.S. 11:710, 710.1, and 710.2. It allows retirees who retired on or before June 30, 2010, to return to active service and receive benefits during their reemployment, with specific conditions based on age and employment type. Retirees aged 65 and older can receive benefits without accruing additional service credits, and they can earn up to 50% of their original final average compensation without affecting their benefits. The bill also introduces provisions for retirees returning to critical shortage positions, allowing them to receive benefits if certified by their employer, who must prioritize non-retired applicants for these roles.

Additionally, the bill imposes new reporting requirements on employers who rehire retirees, including notifying the board of trustees within thirty days of a retiree's return and providing annual reports on payments made to retirees. The salary of reemployed retirees will be based on a schedule that considers their prior teaching experience, and they will be treated as full-time active employees. The legislation mandates contributions to the retirement system during reemployment, with retirees eligible for a refund of their contributions upon termination of service. An actuarial impact study is also required, with findings due before the 2034 Regular Session, and the act is set to take effect on July 1, 2026.

Statutes affected:
SB14 Original:
SB14 Engrossed:
SB14 Reengrossed:
SB14 Enrolled:
SB14 Act 344: