Allowing members of the teachers' retirement system, the school employees' retirement system, and the public employees' retirement system to begin receiving benefits without leaving service at age seventy and one-half.
Summary
Members of TRS, SERS, and PERS may begin to collect benefits at age 70½ without separating from service. Employees choosing to begin benefits in this way cease to earn new service credit or make contributions.
From the Senate Bill Report (SB 5093), 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 members of the teachers' retirement system, the school employees' retirement system, and the public employees' retirement system to begin receiving benefits without leaving service at age seventy and one-half;