This bill allows former members of the Public Employees Retirement System (PERS) who have retired 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 retirement system. The conditions for this return include that the individual must have reached the applicable service retirement age at the time of retirement, the return must begin after the retirement allowance is due and payable, 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 made to facilitate this. The term "former employer" is defined as the public entity from which the member retired immediately prior to their retirement.