SLS 12RS-83 REENGROSSED Page 1 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2012 SENATE BILL NO. 20 BY SENATOR CORTEZ TEACHERS RETIREMENT. Allows retired adjunct professors to avoid benefit suspension during reemployment, subject to an earnings limitation. (7/1/12) (2/3 - CA 10s29(F)) AN ACT1 To enact R.S. 11:710(A)(5), relative to the Teachers' Retirement System of Louisiana; to2 allow certain retirees reemployed as adjunct professors to receive benefits during3 reemployment; and to provide for related matters.4 Notice of intention to introduce this Act has been published.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 11:710(A)(5) is hereby enacted to read as follows: 7 ยง710. Employment of retirees8 A. For purposes of this Section, "retired teacher" shall mean any of the9 following:10 * * *11 (5) A retired member who returns to active service covered by the12 provisions of this Chapter as an adjunct professor. For purposes of this13 Paragraph "adjunct professor" shall mean part-time faculty, including14 instructors, assistant professors, associate professors, and professors, assigned15 the professional activities of instructing pupils or conducting research at a16 public institution of postsecondary education. Such instruction may be17 SB NO. 20 SLS 12RS-83 REENGROSSED Page 2 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. provided in person or through an approved medium such as television, radio,1 computer, Internet, multimedia telephone, or correspondence and may be2 delivered inside or outside the classroom or in other teacher-student settings.3 Such an adjunct professor's earnings from his return to active service shall not4 exceed twenty-five percent of his benefit during any fiscal year. If actual5 earnings exceed this amount in any fiscal year, the benefits payable to the6 retiree shall be reduced by the amount in excess of twenty-five percent of his7 benefit.8 * * *9 Section 2. The cost of this Act, if any, shall be funded with additional employer10 contributions in compliance with Article X, Section 29(F) of the Constitution of Louisiana.11 Section 3. This Act shall become effective on July 1, 2012; if vetoed by the governor12 and subsequently approved by the legislature, this Act shall become effective on July 1,13 2012, or on the day following such approval by the legislature, whichever is later.14 The original instrument was prepared by Laura Gail Sullivan. The following digest, which does not constitute a part of the legislative instrument, was prepared by Sherri H. Breaux. DIGEST Cortez (SB 20) Present law generally prohibits any retiree of the Teachers' Retirement System of Louisiana from receiving a retirement benefit while reemployed, subject to certain narrow exceptions. Provides that the benefit of a reemployed retiree is suspended for the duration of reemployment. Proposed law adds retirees reemployed as adjunct professors engaged in the instruction of students or in research to the exceptions to present law, allowing such reemployed retirees to avoid benefit suspension during reemployment. Proposed law provides that the earnings of any such adjunct professor shall not exceed 25% of his retirement benefit in any fiscal year. Further provides that if earnings exceed this amount, such professor's retirement benefit shall be reduced by the amount in excess of the 25%. Proposed law requires any cost of proposed law to be funded with additional employer contributions in compliance with Art. X, Section 29(F) of the state constitution. Effective July 1, 2012. (Adds R.S. 11:710(A)(5)) SB NO. 20 SLS 12RS-83 REENGROSSED Page 3 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Summary of Amendments Adopted by Senate Senate Floor Amendments to engrossed bill. 1. Makes technical change.