Working Full-Time for PSRS-Covered Employers

Working full-time after retirement for a PSRS-covered employer will result in the forfeiture of your retirement benefits.

If you choose to work full-time for a PSRS-covered employer in any capacity:

  • You must notify PSRS immediately.
  • You forfeit your benefits effective the month you begin full-time work.
  • You are required to establish a second PSRS membership.
  • PSRS contributions are withheld from your salary.
  • You earn service under new membership.

See the exception to these rules under the Critical Shortage Full-Time Employment Exception.

When your full-time employment for a PSRS-covered employer ends, your benefits resume the month after your full-time employment ends, or when a new school year begins (July 1).

You cannot receive benefits for any month in which you receive service for PSRS-covered employment. If you receive a full year of service in a school year, it is necessary for PSRS to recover any benefits paid to you during the entire school year.

Example

Mark is retired. If Mark begins working full-time in August, his benefits stop beginning with the August benefit payment. If he receives a full year of service for the school year (July 1 - June 30), PSRS must recover his July benefit payment that was paid prior to the start date of his full-time employment because it was paid to him during a school year when he earned a full year of service.

You might also be interested in ...