Amends Minnesota Statutes to modify Teachers Retirement Association provisions, including lowering the retirement age and clarifying return-to-work.

This bill amends Minnesota Statutes to modify provisions related to the Teachers Retirement Association. It lowers the age at which a teacher can receive a retirement annuity and enter into a return-to-work agreement from 62 to 59-1/2. Additionally, it clarifies the definition of termination of teaching service and extends the suspension of earnings limitation for retired teachers who return to teaching. The changes apply to salary earned and annuity payments made during specific fiscal and calendar years.

Amends Minnesota Statutes to modify Teachers Retirement Association provisions, including lowering the retirement age and clarifying return-to-work.

This bill amends Minnesota Statutes to modify provisions related to the Teachers Retirement Association. It lowers the age at which a teacher can receive a retirement annuity and enter into a return-to-work agreement from 62 to 59-1/2. Additionally, it clarifies the definition of termination of teaching service and extends the suspension of earnings limitation for retired teachers who return to teaching. The changes apply to salary earned and annuity payments made during specific fiscal and calendar years.