AN ACT relating to reemployment after retirement in the Teachers' Retirement System.

Amend KRS 161.605, relating to the Teachers' Retirement System, to remove language requiring superintendents to make every reasonable effort to hire qualified applicants for teaching and nonteaching positions, increase the percentage of retired members that an employer can employ full-time from three percent to 10 percent, increase the number of retired members that a local school district may employ under the critical shortage provision from one percent of total active members employed by the school…

Education, Elementary and Secondary Retirement and Pensions Teachers Actuarial Analysis

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This bill changes the rules for retired teachers and school staff who want to return to work in Kentucky schools. It raises the limit on how many retired members a school district can rehire full-time, from 3 percent to 10 percent, and expands the number allowed under a critical shortage exception. It also removes a requirement that superintendents make every reasonable effort to hire non-retired applicants before bringing back retirees, ends the pension waiver program…

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