Virginia 2023 Regular Session

Virginia House Bill HB2107

Introduced
1/10/23  

Caption

Public school employees, certain retired licensed; continued employment, service retirement.

Impact

The enactment of HB 2107 represents a significant amendment to the current retirement laws affecting school divisions in Virginia. It establishes a clearer framework for retired employees seeking to re-enter the school system within roles that require their specific qualifications. By allowing these individuals to maintain their retirement allowances while employed, the legislation incentivizes schools to hire individuals with previous experience, particularly in critical roles such as school security officers. The bill aims to address staffing shortages and improve safety in schools through the involvement of seasoned professionals.

Summary

House Bill 2107 addresses the conditions under which certain public school employees, particularly those who are retired and licensed, can continue their employment while receiving a service retirement allowance. The bill enables retired individuals, including those who served as sworn law enforcement officers and are re-employed in schools, to maintain their retirement benefits under specific circumstances. This legislative change is framed to aid schools in securing experienced staff while ensuring that retirees can integrate back into the workforce without losing their pension benefits.

Contention

However, the bill has raised concerns regarding its potential implications. Critics argue that allowing retirees to return to work while receiving retirement benefits could set a precedent that might financially burden the retirement system. They question the fiscal sustainability of maintaining such benefits for a growing number of retirees who may seek reinstatement in educational roles. As discussions progress, stakeholders are contemplating how this balance can be achieved without compromising the integrity and financial health of the retirement system, particularly in relation to the expiration date set for the provisions of the bill by July 1, 2030.

Companion Bills

No companion bills found.

Previously Filed As

VA SB695

School boards; employment of school resource officers, enhanced retirement benefits.

VA HB4471

Retirement: county employees; employment of retirant in a county sheriff's office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).

VA HB4485

Retirement: county employees; employment of retirant in a county sheriff's office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).

VA SB0314

Retirement: county employees; employment of retirant in a county sheriff’s office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).

VA SB853

Public employees’ retirement.

VA SB113

Virginia Retirement System; service retirement allowance, return to work.

VA AB2780

Public employees’ retirement.

VA HB1419

The public employees retirement system public safety retirement plan.

VA HB1107

Virginia Retirement System; service retirement allowance, members who return to work.

VA SB182

Oklahoma Public Employees Retirement System; modifying retirement date and compensation amount for certain members.

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