Exceeding Post-Retirement Work Limits

You Forfeit Your Benefits When You Exceed the Limit

If you are working part-time or as a temporary-substitute for a PEERS-covered employer after retirement and you exceed the 550-hour limit, your benefits stop.

If you exceed the hourly limit:

  • You must notify PEERS immediately.
  • You forfeit your benefits effective the month in which the hourly limit is exceeded.
  • Your benefits resume the month after your employment ends or when a new school year begins on July 1.
  • If you meet membership eligibility requirements, you must establish a second PEERS membership and pay contributions to PEERS.

Example

Mark is retired and working part-time for a PEERS-covered employer. Mark exceeds the hourly limit in April. He ends his post-retirement employment with the PEERS-covered employer in May. His April and May benefits are not payable. However, if he does not return to PEERS-covered employment, his benefits resume in June.

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