Mobile Teachers' Retirement Assistance Act

Summary

Mobile Teachers' Retirement Assistance Act - Directs the Secretary of Education, in the interest of facilitating teacher job mobility across State lines without a substantial loss of retirement benefits, to make an annual Federal contribution to each qualified State or local public retirement system on account of each teacher who: (1) is covered by the State's retirement system; (2) retired during the fiscal year ending in calendar year of the contribution; and (3) has credited out-of-State teaching service. Sets forth: (1) criteria to be met by a State retirement system in order to participate in the program; and (2) limitations and conditions applicable to the Federal contribution. Fixes the amount of such contribution at 50 percent of the total cost (as determined by the retirement system based on the teacher's age on the date of retirement) of each year of the teacher's credited out-of-State service, to a ten-year limit. Authorizes appropriations for FY 1990 and succeeding fiscal years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 June 1989

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.