Permits teacher who retired from TPAF to return to employment for two years without reenrollment in TPAF; provides gross income tax relief for certain rehired teachers.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows retired teachers who were members of the Teachers’ Pension and Annuity Fund (TPAF) to return to work for a maximum of two years without having to re-enroll in the fund. It also provides a gross income tax deduction for these rehired teachers, with a specific tax rate applied to the portion of their income not covered by the deduction. The bill requires school boards to demonstrate a thorough search for candidates before hiring a retired teacher and limits their salary to a range of 40-70% of the median teacher salary.
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