Pension Note (Government Forecasting & Accountability)
SB 2953 extends the sunset date of the current limitations on annuitant return-to-service (120 paid days or 600 paid hours in each school year) by three years, through June 30, 2029. Under current law, the aforementioned limitations are scheduled to sunset on June 30, 2026, after which the prior return-to-work limitations of 100 paid days or 500 paid hours will again apply beginning July 1, 2026. Therefore, SB 2953 allows retired teachers to return to service for a longer period of time under the 120-day/600-hour limitation than would otherwise be allowed under current law. The fiscal impact on TRS of allowing retired teachers to work 20 more days or 100 more hours in a school year without impairment of annuity status is expected to be minimal, as participation under the extended limitation is likely to be relatively small; however, the precise impact would depend on the number of annuitants who elect to return to work.