Allows retired public employees to return to employment without affecting their retirement annuity.
This bill amends the public employees police and fire retirement plan to allow retired members to return to employment without impacting their retirement annuity. It specifies that the amount of the annuity must not increase or decrease as a result of the reemployment and prohibits contributions during the period of reemployment. The executive director may waive the repayment requirement if the member's failure to comply was inadvertent or due to no fault of the member. The changes apply to members of the public employees police and fire retirement plan.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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