This bill amends Minnesota Statutes to require employers of reemployed annuitants within the Teachers Retirement Association to make employer contributions to the teachers retirement fund. Specifically, it introduces new language stating that during the period of reemployment, the employer must contribute as specified in section 354.42, subdivision 3. Additionally, the bill clarifies that reemployed annuitants can continue to receive their retirement annuity, but certain salary thresholds will trigger deferral of annuity payments.

The bill also modifies existing provisions regarding the definition of salary or income earned as a teacher, including income from consulting or independent contracting roles. It removes previous language that stated no contributions would be made to the Teachers Retirement Association, replacing it with a requirement for employer contributions during the employment period. The effective date for these changes is set for the day following final enactment.

Statutes affected:
Introduction: 354.44, 354.444