Minnesota HF4429 clarifies the definition of termination of teaching service, lowers the age for retirement annuity eligibility, and extends the.

Minnesota HF4429 amends the definition of termination of teaching service, allowing teachers to avoid termination if they enter into a return-to-work contract before age 59-1/2. The bill lowers the age at which teachers can receive a retirement annuity and enter into a return-to-work agreement to 59-1/2. It also extends the suspension of earnings limitation for retired teachers who return to teaching, ensuring no portion of their annuity is deferred or forfeited. These changes apply to salary earned and annuity payments made during specific calendar years.

Minnesota HF4429 clarifies the definition of termination of teaching service, lowers the age for retirement annuity eligibility, and extends the.

Minnesota HF4429 amends the definition of termination of teaching service, allowing teachers to avoid termination if they enter into a return-to-work contract before age 59-1/2. The bill lowers the age at which teachers can receive a retirement annuity and enter into a return-to-work agreement to 59-1/2. It also extends the suspension of earnings limitation for retired teachers who return to teaching, ensuring no portion of their annuity is deferred or forfeited. These changes apply to salary earned and annuity payments made during specific calendar years.