Granting half-time service credit for half-time educational employment prior to January 1, 1987, in plans 2 and 3 of the school employees' retirement system and the public employees' retirement system.
Summary
Provides recalculation of the service credit for currently active members of the Public Employees' Retirement System (PERS) and the School Employees' Retirement System (SERS) that worked in an eligible school district position before 1987.
Increases the service credited to the PERS or SERS member to a half year in years where the member was employed for at least nine months and worked at least 630 hours in an eligible position with a school district, educational service district, state schools for the deaf and blind, or an institution of higher education or community college.
Limits the recalculation of service credit to periods for which the member did not withdraw contributions.
From the House Bill Report (HB 1541), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to granting half-time service credit for half-time educational employment prior to January 1, 1987, in plans 2 and 3 of the school employees' retirement system and the public employees' retirement system;