An Act regulating education administrator retirement
This bill allows education administrators who previously supervised special education services in non-public schools (where state funds covered all or part of student tuition) to count that past service toward their retirement credits. To do so, they must deposit 5% of their past compensation for that period, plus buyback interest, into their retirement fund before retirement begins. It directly affects administrators with this specific background in special education oversight within state-funded non-public schools. The policy change enables them to include that prior work in their retirement calculations through a one-time payment option.
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