Working After Retirement
As a representative of a PSRS/PEERS-covered employer, you may be asked questions about the limitations on working after retirement. Having retirees return to work part-time or as temporary-substitutes can be beneficial for both your school district and the retiree. But if the retiree did not properly terminate pre-retirement employment, he or she is not eligible to retire and receive benefits. If the retiree exceeds the limits on post-retirement work, his or her benefits are not payable. You can help ensure that the retired members working at your school district do not jeopardize their retirement benefits by having a basic understanding of the termination regulations and the limitations on working after retirement.
As an employer of PSRS/PEERS retirees, you are required to:
- Ensure that retirees have properly terminated their pre-retirement employment,
- Report all compensation for all PSRS/PEERS retirees working at your school district,
- Keep a record of hours worked (and for PSRS retirees, compensation earned) for all retirees working at your district, regardless of whether they retired from your district, and
- Notify PSRS/PEERS immediately when a retiree exceeds the limits for post-retirement employment.