Retired educators; revise provisions regarding return to work as teachers.

An Act To Amend Section 25-11-126, Mississippi Code Of 1972, To Reduce The Required Separation Period For Retirees Returning To Work As Teachers Under The Section From 90 Days To 45 Days; To Remove The Requirement Of A Minimum Number Of Years Of Creditable Service For Such A Retiree To Return To Work As A Teacher; To Remove The Requirement That Such A Retiree Returning To Work As A Teacher Be Hired To Teach Only In A District Having A Critical Teacher Shortage Or Critical Subject-area Shortage; To Adjust The Pension Liability Participation Assessment And Such Retiree's Salary For Returning To Work As A Teacher, As Determined In Section 37-19-7; To Allow Local Education Agencies To Pay, From Local Education Funding, All Or A Portion Of The Health Insurance Premiums For Such Retirees Returning To Work As Teachers; To Allow A Member To Continue As A Licensed Teacher In An Instructional Position If The Person Has Reached The Age And/or Service Requirement That Will Not Result In A Prohibited In-service Distribution As Defined By The Internal Revenue Service, Provided That The Person Elects To Receive Compensation As Provided For Other Retirees Returning To Work As Teachers Under This Section; To Amend Sections 25-11-127 And 25-9-120, Mississippi Code Of 1972, To Conform; To Amend Section 37-19-7, Mississippi Code Of 1972, To Provide That A School District May Pay No More Than 65% Of A Retired Teacher's Compensation As Salary, And The District Shall Pay To The Board Of Trustees Of The Public Employees' Retirement System Of Mississippi A Pension Liability Participation Assessment In The Amount Of The Employer And Employee Contributions On The Full Amount Of The Regular Compensation For The Position Held By The Retired Teacher; And For Related Purposes.