Allowing a member who is at least age seventy and one-half or a member holding state elective office or directly appointed by the governor who wishes to be eligible for a retirement allowance the option of ending his or her membership in the teachers' retirement system, the school employees' retirement system, and the public employees' retirement system.
Summary
Vested members of PERS, SERS, and TRS may begin receiving retirement benefits at age 70 2 without separating from service. Upon retiring, the employee no longer makes contributions or receives service credit but they may work and receive their retirement benefit without any reductions.
From the Senate Bill Report (SB 6383), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House
AN ACT Relating to allowing a member who is at least age seventy and one-half or a member holding state elective office or directly appointed by the governor who wishes to be eligible for a retirement allowance the option of ending his or her membership in the teachers' retirement system, the school employees' retirement system, and the public employees' retirement system;