(Statehouse) May 22, 2007 - Today, in a bill signing ceremony, Governor Mitch Daniels signed Senate Enrolled Act 88, an initiative co-authored by State Representative Larry Buell (R-Indianapolis).
Senate Enrolled Act (SEA 88) removes the earnings limitation for a member of the Teachers' Retirement Fund (TRF) who is reemployed more than 90 days after the member's retirement in a TRF covered position. SEA 88 also includes a provision that neither the retired member nor the member's employer may make contributions to TRF for the period of the member's reemployment. Additionally, the teacher will not earn creditable service in TRF and is not entitled to additional benefits from TRF for the period of reemployment.
"Indiana has been facing a growing shortage in the number of teachers in the state," said Buell. "By allowing retired teachers to more easily return to the workforce, we will be able to increase the employment pool to address this shortage."
SEA 88 also includes a "home rule" provision, allowing local school boards to decide whether to re-hire retired teachers or hire new teachers for open positions.
The law will become effective on July 1, 2007.