SLS 14RS-340 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2014 SENATE BILL NO. 555 BY SENATOR MORRISH TEACHERS RETIREMENT. Provides for reemployment following retirement. (2/3-CA10s29(F)) (6/30/14) AN ACT1 To enact R.S. 11:710(A)(9), relative to the Teachers' Retirement System of Louisiana; to2 allow retirees who have attained the age of sixty-five to avoid suspension of benefits3 during reemployment; to provide for an effective date; and to provide for related4 matters.5 Notice of intention to introduce this Act has been published.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 11:710(A)(9) is hereby enacted to read as follows: 8 ยง710. Employment of retirees9 A. For purposes of this Section, "retired teacher" shall mean any of the10 following:11 * * *12 (9) A retired member who returns to work after he has attained the age13 of sixty-five. Notwithstanding the provisions of Subparagraph (B)(1)(a) of this14 Section, any retired member who returns to active service qualifying him as a15 retired teacher under this Paragraph shall not be considered a retired teacher16 under any other Paragraph of this Section.17 SB NO. 555 SLS 14RS-340 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. * * *1 Section 2. The cost of this Act, if any, shall be funded with additional employer2 contributions in compliance with Article X, Section 29(F) of the Constitution of Louisiana.3 Section 3. This Act shall become effective on June 30, 2014; if vetoed by the4 governor and subsequently approved by the legislature, this Act shall become effective on5 June 30, 2014, or on the day following such approval by the legislature, whichever is later.6 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Margaret M. Corley. DIGEST Morrish (SB 555) Present law generally prohibits any retiree of the Teachers' Retirement System of Louisiana from receiving a retirement benefit while reemployed, subject to certain exceptions. Provides that the benefit of a reemployed retiree is suspended for the duration of reemployment. Proposed law adds retirees who have attained the age of 65 to the exceptions to present law. 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 June 30, 2014. (Adds R.S. 11:710(A)(9))