Notifying PSRS When You Exceed the Working After Retirement Limits
As a PSRS retiree working part-time or as a temporary-substitute for a covered employer, you are required to notify PSRS immediately when you exceed the limits for post-retirement employment.
If you exceed either the hourly or salary limit:
- Notify PSRS immediately.
- You forfeit your benefits effective the month you exceed the hourly or salary limit, whichever is first.
- Your benefits resume the month after your employment ends or when a new school year begins on July 1.
- If you meet membership requirements, you must establish a second PSRS membership and pay contributions.
- You are required to reimburse PSRS for all benefits received while ineligible.