The Teacher's Retirement System (TRS), Public Employees' Retirement System (PERS), and the School Employees' Retirement System (SERS) Plans 2 and 3 have a normal retirement age of 65 and allow for a reduced early retirement benefit beginning at age 55.
TRS, PERS, and SERS retirees are able to work up to 867 hours per year in a position covered by any of the state's pension systems while receiving a retirement benefit. A retiree that works more than 867 hours is reinstated as an active member and their retirement benefit ceases.
Until July 1, 2025, the following retirees may work 1040 hours in retirement while collecting a pension benefit:
Provisions allowing TRS and SERS retirees to work up to 1040 hours while collecting a pension benefit, are extended to January 1, 2030.
The committee recommended a different version of the bill than what was heard. PRO: This bill seeks to address staffing shortages in school districts, particularly in rural and small districts, by extending the sunset date for retirees to return to work in a variety of positions. This extension is critical for ensuring that schools have access to experienced educators, administrators, and support staff. This is a practical solution to fill hard-to-staff positions, especially in rural areas.