Teachers Retirement Association; definition of termination of teaching service clarified, age at which a teacher can receive a retirement annuity from the Teachers Retirement Association and enter into a return-to-work agreement lowered, and suspension of earnings limitation for retired teachers who return to teaching extended.

Summary

The bill amends the Teachers Retirement Association statutes so teachers can begin receiving a retirement annuity and sign a return‑to‑work agreement at age 59½ instead of 62. It clarifies that a teacher who resigns or whose contract ends is considered to have terminated service unless a pre‑retirement contract to return to teaching exists. It also extends the temporary suspension of earnings‑limit rules for re‑employed retirees to cover salaries earned through fiscal 2030 and annuity payments through 2031.

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