The bill, S.B. No. 192, proposes the establishment of a grant program aimed at reimbursing public schools for the increased contributions to the Teacher Retirement System that arise from hiring retired teachers who retired before September 1, 2024. The program will be administered by the commissioner and will include provisions for the legislature to modify or limit the appropriated amounts in the General Appropriations Act. Additionally, the bill allows for flexibility in eligibility criteria, such as adjusting the retirement date or specifying certain certifications, subjects, geographical areas, or student populations, including those with disabilities.

The bill emphasizes prioritizing grants for districts or schools with the greatest need, particularly those hiring retired teachers for special education or bilingual education roles. It also permits the use of grant funds to cover required payments under existing government code provisions. The implementation of this act is set to begin with the 2025-2026 school year, and it will take effect immediately if it receives a two-thirds majority vote in both houses; otherwise, it will take effect on September 1, 2025.

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