The bill revises the provisions regarding the reemployment of retired teachers, specialists, and administrators under the Teachers' Retirement System in Montana. It amends Section 19-20-732 to extend the maximum period for which a retired member can be employed on a full-time basis from 3 years to 5 years without losing retirement benefits, provided they have been receiving a retirement allowance for at least 2 months and have completed 27 or more years of creditable service prior to retirement. Additionally, the bill updates the termination date for these provisions from June 30, 2027, to June 30, 2029, and establishes that the act will take effect on July 1, 2025.

Furthermore, the bill includes requirements for employers to certify their inability to fill positions with non-retired candidates before hiring a retired member, and mandates that the retirement board verify compliance with these requirements. It also clarifies that reemployed retired members are exempt from certain earnings and employment limits and are subject to the terms of any collective bargaining agreements. The amendments aim to address staffing shortages in educational institutions while ensuring that retired educators can return to work without jeopardizing their retirement benefits.

Statutes affected:
LC Text: 19-20-732
HB0158_1(1): 19-20-732
HB0158_1(2): 19-20-732
HB0158_1(3): 19-20-732
HB0158_1(4): 19-20-732
HB0158_1(5): 19-20-732
HB0158_1(6): 19-20-732
HB0158_1(7): 19-20-732
HB0158_1(8): 19-20-732
HB0158_1(9): 19-20-732
HB0158_1: 19-20-732