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

HB 20 modifies Louisiana's Teachers' Retirement System rules for retirees returning to work after July 1, 2020. It sets a 250% earnings cap on reemployment income (2.5x their final average salary), requiring retirees to choose between two payment options: staying in the system with reduced benefits if earnings exceed the cap, or opting out for a refund of past contributions. Retirees returning to work within three months of retirement must suspend benefits until their reemployment ends or the three-month period expires, whichever comes first. The bill requires additional employer contributions to cover costs, as specified in Louisiana's Constitution.