Current legislation on pensions and retirement topis is available in a searchable database. You can search 2012-2022 pensions and retirement bills by topic, primary author, state, bill number, status or keyword. Pension and retirement topics include: Show
The database was last updated in December 2022. New measures are added as they are introduced or identified by NCSL staff. Bills may appear twice in carry over states. In these states, please check the last date of action to ensure the status of the bill reflects the appropriate year. House Bill 4375 of 2021 has been signed into law and is now Public Act (PA) 184 of 2022. The FAQs below outline the impacts of PA 184 of 2022. Working for Michigan K-12 public schools, charter schools/public school academies, intermediate school districts, tax-supported community colleges, or select libraries and museums
Working for a university A retiree may work at a university, even if it’s one of the seven universities that participates in the Michigan Public School Employees’ Retirement System, immediately after retirement with no earnings limit and no effect on their pension and insurance premium subsidy. They are not required to have a bona fide termination. No. The retiree can work at/retire from any public school reporting unit and immediately return to work at a university after retirement with no earnings limit or impact on their pension or insurance premium subsidy. Retirees who are working at a Michigan public school when PA 184 of 2022 went into effect will be able to continue working, will have no earnings limit, and any suspended pension or insurance premium subsidy will automatically resume. Disability retirement PA 184 of 2022 did not change the working after retirement rules for those receiving a disability pension. You still must gain approval from ORS before you return to work for any employer. When can a PA state employee retire?SERS normal retirement age is 65, 60, 55, or 50 depending on your class of service, which is listed on your annual member statements. You can check your most recent statement in SERS online members services.
What is the earliest age you can retire in Pennsylvania?The earliest possible age for retirement is 62, but the full retirement age is 67. If you choose to retire early at 62, your monthly payments will be lower. The Social Security Agency (SSA) determines if you're qualified for these benefits based on credits you earn through working.
Can I retire early from PERS?Service retirement is a lifetime benefit. In general, you can retire as early as age 50 with five years of service credit unless all service was earned on or after January 1, 2013. Then you must be at least age 52 to retire.
Can I get my state pension early?The earliest that you can get your State Pension is when you reach your State Pension age. You'll have to wait to claim your state pension if you retire before you reach that age. You may receive less when you reach State Pension age than if you'd continued working.
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