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. The bill amends 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. Additionally, the employer must meet certain payment obligations to the Benefits Fund and the Vermont Teachers Retirement Fund during this period.

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 more flexibility in hiring interim educators. The bill also modifies the timeline for the State Treasurer's renewal determination from June to May and repeals the requirement that beneficiaries must serve in different interim positions for each renewal. The act is set to take effect upon passage and will be repealed on June 30, 2031.