RETIREMENT/TEACHERS: Provides relative to the reemployment of retired teachers in the Teachers' Retirement System of Louisiana (OR INCREASE APV)

HB 20 sets rules for retired teachers in Louisiana's Teachers' Retirement System who return to work after retiring on or after July 1, 2020. It requires them to choose an irrevocable option: they can earn up to 25.5% of their final average compensation annually without losing benefits, or exceed this limit and have benefits reduced by the excess amount. Retirees may also switch to a refund option (Option 2) before hitting the 25.5% threshold, allowing them to get back employee contributions paid during reemployment. The bill directly affects reemployed retired teachers and aims to balance earnings during return-to-work with pension benefit integrity.