Session News #10: Re-employment salary cap raised for substitute teaching positions
May 12, 2015
The full House yesterday passed return-to-work legislation that would increase the salary cap for certain retirees who return to work as substitute classroom teachers in Pre-K through grade 12.HB 43 (Rep. LeBas) was amended to gradually increase the salary cap. Currently, during re-employment in a position eligible for TRSL membership, retirees rehired as PreK-12 substitutes can earn a salary up to 25% of their retirement benefit, following a 12-month waiting period. The original bill raised this earnings limit to 50% of the benefit, but it was amended on the House floor. The floor amendment maintains the 25% earnings limit in the fiscal year in which the 12-month waiting period ends as well as the fiscal year immediately following. The 50% earnings limit beginning thereafter.
Coming up this week:
The House Retirement Committee is scheduled to meet on Thursday, May 14 upon adjournment of the full House to consider the following:
- HB 42 (Rep. Jones) would provide a 1.5% permanent benefit increase (also known as a COLA) to eligible retirees and beneficiaries of the four state retirement systems.
- SB 20 (Sen. Long) adds to the categories of “retired teacher” in the state’s return-to-work law and restructures the law.
- SB 16 (Sen. E. Guillory) makes technical corrections to Act 399 of 2014.