The bill amends existing laws regarding post-retirement employment for members of the retirement system, specifically addressing the conditions under which retired police officers can be reemployed. It introduces new provisions that allow a police officer, as defined in the law, to be reemployed by a state agency or department, or a nongovernmental entity contracted by a state agency or department, for the purpose of working a state-funded detail, subject to certain restrictions, including the seventy-five-day (75) rule.
The bill specifies that pension payments will be suspended when the reemployment period exceeds the allowed duration. It also clarifies that the seventy-five-day (75) rule does not apply to police officers. Additionally, the legislation maintains the existing framework that permits retired members to work for municipalities without losing their retirement benefits, provided they do not exceed specified working days and adhere to certain conditions.
The bill emphasizes the importance of notifying the retirement board of any post-retirement employment and outlines limitations on earnings for part-time roles, ensuring that retired members can contribute to public service without compromising their retirement allowances. The act is set to take effect upon passage.
Statutes affected: 8253: 36-10-36, 45-21-54