The bill amends Section 36-10-36 of the General Laws regarding post-retirement employment for members of the state retirement system. It introduces new provisions that allow retired members to be employed or reemployed by state colleges or universities in various capacities beyond just teaching, while maintaining a cap on their earnings for part-time work. Specifically, the bill stipulates that compensation for such positions cannot exceed the salary of similarly situated members employed under a collective bargaining agreement, with a maximum gross pay of $18,000 in a calendar year.

Additionally, the bill clarifies that retired members can serve in various elected or appointed positions without losing their retirement benefits, provided they do not earn additional service credits. It also specifies that any employment or reemployment must be reported monthly to the retirement board by both the employer and the retired member. Overall, the bill aims to expand the opportunities for retired members to contribute to the workforce while ensuring their retirement benefits remain intact. This act would take effect upon passage.

Statutes affected:
184: 36-10-36