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FISCAL NOTE
Senate Bill 12
Committee: Ways and Means General FundSponsor: Senator Chris Elliott
Analyst: Riley Aaron Date: 03/18/2024
Senate Bill 12 as passed the Senate would allow certain elected officials retired from the
Teachers' Retirement System or the Employees' Retirement System to return to work with the
state, a county, or incorporated municipality, without suspension of retirement benefits or
accrual of additional benefits, provided that the elected official's compensation does not exceed
the annual earnings limit established by law. In addition, this bill would prohibit retirees serving
as local elected superintendents of education from receiving both their pension and a salary,
unless their compensation does not exceed the annual earnings limit currently provided by law.
For Calendar Year 2024, the annual earnings limit is $38,000.