HF 4012

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/03/2022 02:03pm

A bill for an act
relating to retirement; Teachers Retirement Association; St. Paul Teachers
Retirement Fund Association; suspension of earnings limitation for retired teachers
who return to teaching.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin SUSPENSION OF EARNINGS LIMITATIONS FOR RETIRED
TEACHERS WHO RETURN TO WORK.
new text end

new text begin Subdivision 1. new text end

new text begin Reemployed teacher defined. new text end

new text begin For the purposes of this section,
"reemployed teacher" means a person who retires under the provisions of Minnesota Statutes,
chapter 354 or 354A, and who subsequently resumes teaching for a public school of the
state, a charter school, or the Perpich Center for Arts Education. Reemployed teacher does
not include a person who resumes teaching for a postsecondary institution, including a state
college or university.
new text end

new text begin Subd. 2. new text end

new text begin Three-year suspension of earnings limitation for teachers covered by TRA
and SPTRFA. new text end

new text begin (a) Notwithstanding Minnesota Statutes, section 354.44, subdivision 5, no
portion of a reemployed teacher's annuity paid under Minnesota Statutes, chapter 354, shall
be deferred regardless of the amount of the salary earned from the teaching service during
the preceding fiscal year. This paragraph applies only to salary earned during fiscal years
2022, 2023, and 2024 and annuity payments made during calendar years 2023, 2024, and
2025.
new text end

new text begin (b) Notwithstanding Minnesota Statutes, section 354A.31, subdivision 3, no portion of
a reemployed teacher's annuity paid under Minnesota Statutes, chapter 354A, shall be
deferred or forfeited regardless of the amount of the salary earned from the teaching service
during the preceding calendar year. This subdivision applies only to salary earned during
calendar years 2022, 2023, and 2024 and annuity payments made during calendar years
2023, 2024, and 2025.
new text end

new text begin Subd. 3. new text end

new text begin Expiration date. new text end

new text begin This section expires effective January 1, 2026.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end