Retired state employees; authorized to return to work, conditions imposed

HB 470 allows retired state employees covered by the Employees' Retirement System or Teachers' Retirement System to return to work without income limits after being retired for at least 12 months. It requires them to commit to three consecutive years of employment and pay a percentage of their earnings to cover retirement system administration costs. The bill explicitly prohibits these returning employees from accruing new retirement benefits during their reemployment. This change directly affects retired state workers seeking part-time or full-time roles with participating employers, while maintaining their existing pension payments.