The bill, S.B. No. 192, proposes the establishment of a grant program aimed at reimbursing public schools for costs associated with hiring retired teachers. Specifically, it mandates the commissioner to create a program that will provide financial support to school districts, open-enrollment charter schools, and certain specialized schools for the increased contributions to the Teacher Retirement System when hiring teachers who retired before September 1, 2024. The bill also allows the legislature to modify eligibility criteria, including the retirement date and specific qualifications for the retired teachers, as well as prioritizing grants for schools that hire teachers for special education or bilingual education.

The provisions of this bill will take effect starting with the 2025-2026 school year. Additionally, it includes a clause for immediate effect if it receives a two-thirds majority vote from both houses of the legislature; otherwise, it will become effective on September 1, 2025.

Statutes affected:
Introduced: ()