Broadly supportive of the bill. While this may simply be a case of late-night brain, I am a bit confused about Sections 2(b) and (c) – are they supposed to complement each other or be competing options or something else?
Feel free to also correct me if my interpretation is wrong, but this cleanup of Section 1 should also be more helpful for establishing what we're working with in the bill. Assume this is an amendment but I'll withdraw if the sponsor disagrees with it:
Compensation for Retired Educators Act of 2021
A bill to support our retired educators in the Republic.
Section 1. Establishment
Upon retirement from service, a retirement allowance shall consist of:a) An annuity shall be the equivalent of his or her accumulated contributions at the time of his or her retirement
b)
Upon retirement from service, a retirement allowance shall consist of a pension which shall be equal to the annuity allowable at the age of retirement, but not to exceed an annuity allowable at age 65 computed on the basis of contributions made prior to the attainment.