Allows Tier 2 teachers to use annual and sick leave towards retirement benefits.
This bill modifies the teacher retirement system to allow Tier 2 teachers to use accrued annual and sick leave towards retirement benefits. Specifically, it credits teachers with additional retirement service based on their accrued leave. The bill also outlines rules for converting leave into retirement benefits, including exceptions for certain employees and timeframes. The changes apply to teachers who elected to participate in the plan before specific dates, with different rules for those hired before and after certain cutoffs.
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- Core Provisions
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- Impact
- Legal Framework
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