Senate Bill No. by Senator Price amends the Municipal Employees' Retirement System (MERS) regulations regarding retirees who return to part-time employment. The bill clarifies that retirees receiving normal retirement benefits can continue to receive those benefits without reduction if they do not meet the definition of an employee and their monthly earnings are equal to or less than the difference between their monthly average final compensation and their retirement benefit. Additionally, until June 30, 2028, retirees with more than thirty years of creditable service and who are at least age sixty can also return to work under the same conditions without a reduction in benefits.

The bill also repeals Section 2 of Act 634 from the 2024 Regular Session, which likely contained provisions that are now being modified or rendered unnecessary by this new legislation. The changes are set to take effect on August 1, 2026, and aim to provide clarity and specific termination dates for the exceptions related to retirement benefits for qualifying retirees returning to part-time employment.

Statutes affected:
SB18 Original: 11:1762(A)