SB 441

Reenacts GS 115C-302.4 (high-need retired teachers), as it existed immediately prior to its expiration. Amends GS 135-3, concerning membership in the Retirement System for Teachers and State Employees (TSERS), to provide that the computation of postretirement earnings of a beneficiary who is a high-need retired teacher does not include earnings while the beneficiary is employed as a high-need retired teacher, and the beneficiary must not be restored to service as a teacher or employee. Requires a local board of education to annually inform the Retirement System, by September 15, if it will not employ high-need retired teachers for that school year. Specifies that the retirement allowance of a beneficiary who retired on an early or service retirement does not cease due to reemployment as a high-need retired teacher. Provides that a beneficiary reemployed as a high-need retired teacher is not entitled to any benefits otherwise provided under GS Chapter 135 as a result of this period of employment. Makes conforming changes. Extends employer reporting requirements under GS 135-3(a)(8)c1 to high-need retired teachers.