What Employers Should Know About Working After Retirement
As a representative of a PSRS/PEERS-covered employer, you may be asked questions about the work limits that apply for PSRS/PEERS retirees who work at your district. You may also be responsible for reporting payroll information and sending in contributions for these working retirees.
Log in to OASIS to see the latest news and information about retirement reporting, access help documents, and report your payroll.
Keep in mind:
- If a retiree does not properly terminate pre-retirement employment, he or she is not eligible to retire and receive benefits.
- If a retiree exceeds the applicable limits on post-retirement work, his or her benefits are not payable.
- If a disability retiree who is age 60 or older exceeds the applicable limits on post-retirement work, his or her benefits are not payable.
- A disability retiree who has not yet reached age 60 cannot work for a PSRS/PEERS-covered employer in any capacity and continue to receive disability benefits.
You can help ensure that the retired members working at your school district don’t jeopardize their retirement benefits by having a basic understanding of the termination regulation and the limits 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 salary for all PSRS/PEERS retirees working at your school district
- Keep a record of work by all retirees working at your district, regardless of whether they retired from your district
- Notify PSRS/PEERS immediately when a retiree exceeds the limits for post-retirement employment