Limits on Working After Retirement
Retirees who return to work part-time or as a temporary-substitute for your district must stay within legal limits on their work in order to continue to receive their PSRS/PEERS benefits while working.
- Both PSRS and PEERS retirees are limited to working at most 550 hours each school year
- PSRS retirees are also limited to earning a maximum of 50% of the salary they would earn if they were employed in the same position full time, for the full school year (July 1 - June 30) based on the employer's salary schedule and the retiree's education and work experience.
- Effective July 1, 2015, PSRS and PEERS retirees who teach at covered public two-year colleges must convert the credit hours they teach to clock hours in order to track their progress against the 550-hour limit (one credit hour equals 30 clock hours).
|Part-Time or Temporary-Substitute Work||Full-Time Work|
PSRS 50% Salary Limit
Your responsibilities as an employer:
- Track retiree's hours and salary
- Help working retirees be aware of when they approach or exceed these limits
- When the limits are exceeded, notify PSRS/PEERS
If the date of retirement is in a month other than July, the 550-hour limit, and for PSRS retirees the 50% of salary limit, are applied on a pro-rated basis for the rest of that first school year.