S704 - COVID-19 Recovery Act. (SL 2020-3)

Overview: Section 4.23 of S.L. 2020-3, as amended by Section 9 of S.L. 2020-74 and Section 1.1(f) of S.L. 2020-80, temporarily changes the six month separation requirement for Teachers' and State Employee's Retirement System (TSERS) retirees to a one-month separation and applies to individuals retiring on or after October 1, 2019, but before April 1, 2020, who return in a position needed due to COVID-19. This section temporarily lifts the earnings caps for TSERS and Local Governmental Retirement System (LGERS) retirees from March 10, 2020 until expiration for those retirees who retired prior to April 1, 2020 and return in a position needed due to COVID-19. This section also requires that any work performed between March 10, 2020, and the time that this section expires does not impact a law enforcement officer's special separation allowance benefits if the officer returns in a position needed due to COVID-19. This section became effective May 4, 2020, and expired on August 31, 2020.