5742-S AMS MCAU SUND 003
SSB 5742 - S AMD 250
By Senator McAuliffe
3/19/03 WITHDRAWN
On page 10, line 35, after "employer;" insert "and".
On page 11, beginning on line 2, after "audit;" strike all material down to and including "retirement." on line 13 and insert the following:
"shall cease to receive pension payments while engaged in that service after the retiree has rendered service for more than one thousand five hundred hours in a school year."
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EFFECT: Removes the 1,900-hour lifetime cumulative limit on
the hours that teachers' retirement system plan 1 retirees may work
in excess of 867 hours per year while receiving pension benefits.