Bill > SB14

This bill, effective July 1, 2026, establishes new rules for retired members of the Teachers' Retirement System of Louisiana (TRSL) who return to active service, replacing previous regulations. It allows retirees who retired on or before June 30, 2010, or those aged 65 and older, to receive their retirement benefits while working in TRSL-eligible positions, though they will not earn additional service credits or benefits. Retirees returning to service within twelve months of retirement will have their benefits suspended during their active employment, and those retiring due to disability are not eligible for these reemployment provisions. The bill outlines two primary reemployment options: one where earnings are capped at 50% of the retiree's original final average compensation (their average salary used for retirement calculations at the time of their initial retirement), with benefits reduced for any excess earnings, and another where retirees can suspend their benefits entirely to regain membership in the system, potentially earning a supplemental retirement benefit based on their reemployment service, with specific rules for calculating this supplemental benefit and limitations on combined benefits. Special provisions are made for retirees employed in "critical shortage positions," such as certain classroom teachers or specialized support staff, allowing them to receive benefits while working, provided employers certify the shortage and follow hiring procedures to prioritize non-retiree applicants. The bill also details reporting requirements for employers and clarifies that reemployed retirees will have their salary determined by their years of service and experience, and will be subject to the same rules as active employees.