Career rule creation for teachers aged 60 with 30 years of service

Summary

The legislation amends statutes that govern pension adjustment revenue, employer contribution rates, and retirement annuity calculations for teachers. It applies to school districts, special districts and teachers who are members of the Teachers Retirement Association or the St. Paul Teachers' Retirement Fund. By changing these calculations, the bill establishes a specific retirement rule for teachers who reach age 60 after 30 years of service.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share