Pro-Rated Working After Retirement Limit the Year You Retire
If you retire in a month other than July, the 550-hour limit is applied on a pro-rated basis for the rest of that school year.
- The pro-rated limit applies only during the school year in which you retire.
- When the new school year begins July 1, the limit increases to the full, 550-hour limit and remains at that level for future school years.
- The limit is per school year at all covered employers.
If Jane retires January 1, she can begin working February 1, but is limited to 275 hours through June 30, the end of the school year. When the new school year begins July 1, the limit increases to the full 550 hours.
|Retirement Date||Maximum Hours You Can Work For the School Year|
You might also be interested in ...
- Working after retirement part-time or as a temporary-substitute for PEERS-covered employers
- Full (not pro-rated) limit on hours worked after retirement
- Working after retirement record-keeping
- Getting a PEERS Member Working After Retirement Record form
- The PEERS Working After Retirement brochure