Saturday, March 5, 2011

Senate to address "retire/rehire" issue

When the Senate reconvenes at 1:30 p.m. Saturday, it is expected to take up
SB 5852. The bill would roll back a provision adopted several years ago to address a teacher shortage problem.

Under the bill provisions, members of the TRS Plan 1 or PERS Plan 1 who retire on or after September 1, 2011 would not be allowed to work more than 867 hours in a calendar year in a “retirement-covered system” without seeing a reduction in their pension benefits.