Pro-Rated Working After Retirement Limits
If the retirement date is in a month other than July, the 550-hour limit, and for PSRS retirees the 50% of salary limit, is applied on a pro-rated basis for the rest of that first school year.
- The pro-rated limits apply only during the school year in which the member retired.
- When the new school year begins July 1, the limits are increased to the full limits and remain at those levels for future school years.
- Limits are per school year (July 1 - June 30), at all covered employers.
If Jane retires January 1, she can begin working February 1, but is limited to 275 hours (and if she is a PSRS member, 25% of salary) through June 30, the end of the school year. When the new school year begins, the limit(s) returns to the full 550 hours (and 50% of salary for PSRS members.)
|Retirement Date||Maximum Hours PSRS and PEERS Retirees Can Work During the School Year||PSRS RETIREES ONLY |
(Maximum Percent of Full-Time Salary PSRS Retirees Can Earn for the School Year)