This bill allows former members of the Public Employees Retirement System (PERS) who have received a retirement allowance for reasons other than disability to return to elective public office with their former employer without losing their retirement benefits or needing to reenroll in the system. The conditions for this return include that it must begin after the retirement allowance is due, the retiree must have reached the applicable service retirement age at the time of retirement, and the compensation for the elective position must be less than $12,000 per year.

Additionally, the bill stipulates that its provisions will only take effect if the qualified status of the retirement system under federal law can be maintained, and necessary modifications to the system will be implemented to ensure compliance. The term "former employer" is defined as the public entity from which the retiree last served before retirement.