Montana HB158 revises working retiree provisions under the Teachers' Retirement System.
Montana HB158 amends the Teachers' Retirement System to allow certain retired teachers, specialists, and administrators to be reemployed on a full-time basis for up to five years without losing retirement benefits. To qualify, the retiree must have completed 30 or more years of service, hold a valid certificate, and the employer must certify they were unable to fill the position with a non-retired teacher, specialist, or administrator. Employers must contribute to the retirement system and certify details about the retired member and the position.
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