Working After Retirement

Many employees return to work after retirement for various reasons. If you are thinking of going back to work for your former employer, or any other PEERS-covered employer, it is important to understand how working after retirement can affect the payment of your retirement benefits.  For complete rules and requirements, view your Member Handbook or contact us.

If you work after PEERS retirement and want to continue to receive your monthly retirement benefits, you must:

1. Properly terminate all pre-retirement employment with all PEERS-covered employers,
2. Keep a record of your part-time or temporary-substitute post-retirement work with PEERS-covered employers, and
3. Stay within the limits on hours worked after retirement for PEERS-covered employers.

If it is determined that you were employed in a position not in compliance with the rules and requirements for working after retirement, you will be required to reimburse PEERS for all retirement benefits paid during the employment, including funds in a PLSO distribution, and pay contributions that may have been required.

Working After Retirement Quick Links

1. Working part-time or as a temporary-substitute for PEERS-covered employers
         --- Limits on hours
         --- Pro-rated limit the first year, if you retire in a month other than July
         --- Record-keeping requirements when working part-time or as a temporary-substitute
         --- Notifying PEERS when you exceed the limit
         --- Placing benefits on hold when you exceed the limit
2. Working full-time for PEERS-covered employers
         --- The “Critical Shortage” Full-Time Employment Exception
3. Volunteering for PEERS-Covered Employers
4. Working for an employer that is not covered by PEERS
5. Working as an independent contractor or consultant
6. Frequently Asked Questions