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 have received a retirement allowance for at least six months prior to returning. The bill outlines conditions for the employer, including the requirement to remit payments to the Benefits Fund and the Vermont Teachers Retirement Fund.

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, and adjusting the timeline for renewal notifications. Additionally, the bill modifies the effective date of the repeal of this section from June 30, 2026, to June 30, 2031, and specifies that the act will take effect upon passage. The bill also includes a provision that requires superintendents to certify that all reasonable options for hiring qualified active educators have been exhausted before employing a beneficiary as an interim educator.