The bill S.92, introduced by Senators Perchlik and Watson, aims to extend the provision that allows beneficiaries of the Vermont State Teachers Retirement System to return to work as interim educators while still receiving their retirement allowance. Specifically, it amends the existing law to permit beneficiaries who retired as Group A or Group C members to resume service for up to one school year, provided they meet certain conditions, such as having received a retirement allowance for at least six months prior to resuming service and ensuring their employer makes the necessary contributions to the retirement funds.

Key changes in the bill include extending the renewal period for the State Treasurer's authority to grant renewals from two years to seven years, allowing for renewals through fiscal year 2030. Additionally, the timeline for the State Treasurer's renewal determination has been adjusted from June to May. The bill also repeals a previous requirement that beneficiaries could only resume service in different interim positions, and it sets a new repeal date for the section to June 30, 2031. The act is set to take effect upon passage.