Limits on Working Part-Time or as a Temporary-Substitute for PSRS-Covered Employers
You can work on a part-time basis or as a temporary-substitute for a PSRS-covered employer in any position for a maximum of 550 hours each school year (July 1 - June 30). Within the 550 hours, you can earn up to 50% of the salary you would earn if employed in the same position full-time, for the full school year based on the employer’s salary schedule, your education and work experience.
If you retire in a month other than July, the 550-hour and 50% salary limits are pro-rated (lower) during the first school year after retirement. You will receive a letter containing your personal limits when you return to work as a retiree.
As long as you do not exceed either the hourly or salary limit, and do not become a full-time, regular employee, you will continue to receive your PSRS benefits.
The 550-Hour Limit Explained:
- All employment with PSRS-covered employers counts toward the 550-hour limit.
- Hours that you volunteer may count toward the 550-hour limit.
- The hours you work or volunteer as part of a retirement incentive count toward the 550-hour limit.
- Effective July 1, 2015 - If your post-retirement work includes time teaching at a PSRS-covered public two-year college, you must convert the credit hours you teach to clock hours in order to track your progress against this limit. The simple conversion is one credit hour equals 30 clock hours. You will receive more information on the conversion formula when you return to work, along with other information on how to track your hours.
The 50% Salary Limit Explained:
- This limit is determined by your employer and based on the annual full-time salary payable for the position.
- If you fill more than one position, the 50% salary limit is based on the annual salary of the highest paid position in which you work for at least 20% of your total hours during the year.
- Insurance benefits paid for you by your employer are included in salary and count toward the salary limit.
- The salary and insurance benefits you receive as part of a retirement incentive count toward the salary limit.
- If you exceed either the hourly or salary limit you must notify PSRS immediately.
- You forfeit your benefits effective the month in which either the hourly or salary limit is exceeded, whichever is first.
- If you retire in any month other than July, the 550-hour and 50% salary limits on your work during that first school year are pro-rated.
- See our Frequently Asked Questions for detailed information and examples
You might also be interested in ...
- Working after retirement for employers not covered by PSRS
- Working after retirement full-time for PSRS-covered employers
- The Critical Shortage Full-Time Employment Exception
- Volunteering after retirement
- Working after retirement record-keeping
- Working as an independent contractor or consultant
- The PSRS brochure on Working After Retirement
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