SF0083 • 2008

Retirement-rehired retirees.

AN ACT relating to the Wyoming retirement system; clarifying participation of rehired retirees under the system; and providing for an effective date.

Labor

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Senator Job
Last action: 2008-03-13
Official status: enrolled
Effective date: 3/13/2008

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2008-03-13 LSO
Assigned Chapter Number - 111
2008-03-13 Governor
Governor Signed SEA0037
2008-03-06 House
H Speaker Signed SEA No. 0037
2008-03-05 Senate
S President Signed SEA No. 0037
2008-03-05 LSO
Assigned Number SEA0037
2008-03-05 House
H Passed 3rd Reading
2008-03-04 House
H Passed 2nd Reading
2008-03-03 House
H Passed CoW
2008-02-29 House
H Placed on General File
2008-02-29 House
H08 Recommended Do Pass
2008-02-25 House
H Introduced and Referred to H08
2008-02-25 House
H Received for Introduction
2008-02-25 Senate
S Passed 3rd Reading
2008-02-22 Senate
S Passed 2nd Reading
2008-02-21 Senate
S Passed CoW
2008-02-15 Senate
S Placed on General File
2008-02-15 Senate
S02 Recommended Do Pass
2008-02-14 Senate
S Introduced and Referred to S02
2008-02-13 Senate
S Received for Introduction
2008-02-12 LSO
Bill Number Assigned

Official Summary Text

2008 General Session Summary for SF0083

Bill No.:
SF0083
Drafter:

DRN

LSO No.:
08LSO-0101
Effective Date:

Enrolled Act No.:
SEA0037

Chapter No.:

Prime Sponsor:
Senator
Job

Catch Title:
Retirement-rehired
retirees.

Subject:
Re-employment
after retirement under the Wyoming retirement system.

Summary/Major Elements:

2007 Laws, Chapter 78 allowed
the hiring of state retirees following a thirty day break in service if a fee
was paid to the retirement system equal to the required retirement contribution
for that rehired position (provided employer flexibility to hire needed
positions and at the same time, eliminated actuarial concerns expressed by the
retirement system);

This act limits the type of
position covered under this rehire provision by requiring the filled position
to be a "full-time" position of a regular contributing employee.
This enables a retiree to be employed as a substitute teacher or to take a
part-time position without forcing the employer to pay the contribution fee.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0083

ENROLLED ACT NO. 37, SENATE

FIFTY-NINTH LEGISLATURE OF THE STATE OF
WYOMING
2008 BUDGET SESSION

AN ACT relating to
the
Wyoming
retirement system; clarifying participation of rehired retirees under the system;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 9
‑
3
‑
415(g)
(intro)
and (h)
is
amended to read:

9
‑
3
‑
415.

When retirement permitted; service credit.

(g)

Subject to subsection (h) of this section and in accordance with rule and regulation of the board protecting the actuarial integrity of the system and its status as a federally qualified plan, any retired member rehired after a break in service of not less than thirty (30) days by a participating employer
to fill
a
vacant
full-time
position of a regular contributing employee

in any capacity including, but not limited to, as a contract employee or as an employee of a third party contractor under an agreement with a participating employer, shall notify the board in writing of his election to:

(h)

If a retired member is rehired by a participating employer
to fill a

vacant
full-time
position of a regular contributing employee

in any capacity including, but not limited to, as a contract employee or as an employee of a third party contractor under an agreement with a participating employer, and the retiree is rehired following a break in service of not less than thirty (30) days, the employer shall pay into the account an amount equal to both the members' and employer's contributions required by law under the Wyoming retirement system based upon the retiree's salary. Service by the retiree under this subsection shall not increase retirement benefits under the
Wyoming
retirement system.

Section 2.

This act is effective immediately upon co
m
pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit
u
tion.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk