Employers


Employer News

Social Security and Medicare Withholdings Related to Section 218 Agreements


Employer Reporting Quarterly

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Regulation Regarding Working After Retirement

New regulations adopted by the PSRS/PEERS Board of Trustees may prevent school district employees from retiring and being immediately reemployed while collecting retirement benefits. 

An employee cannot collect retirement until he or she has terminated employment.  The new regulation, which went into effect April 30, 2007, states that an employee is not considered to have terminated employment for the purposes of collecting retirement if the employee is employed in a position covered by the retirement system within sixty (60) days after the effective date of retirement, or has executed a contract to be employed in a position covered by the retirement system prior to the receipt of the first retirement payment.  Any employee whose retirement becomes effective on or after May 1, 2007, must abide by this new regulation.

This regulation does not apply to persons employed as a substitute because that is not considered a position covered by the retirement system.  Retirees who are simply finishing a summer school term that extends past the employee’s effective retirement date may not be affected by this regulation either, if the hours worked do not qualify for PSRS/PEERS membership. 


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Cruise to Retirement
2008 EMPLOYER
CONFERENCE

 

October 23, 2008

Presentations:
Service Retirement
System Eligibility
Disability Retirement
Working After Retirement
Withdrawals/Deaths
EMERS
Using our Web Site
Purchasing Service Credit
Funding/Contribution Rates
What's on the Horizon


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