WORKING AFTER RETIREMENT...

A LAGERS retiree may become re-employed full time with a different LAGERS employer and continue to receive his or her monthly benefit, and also accrue additional benefits with the different employer. If the retiree becomes re-employed in a covered position with the same employer from which he or she is retired, the monthly benefit will be suspended during the time of full time re-employment. (The retiree may work full time for any non-LAGERS employer while receiving his or her monthly retirement benefit.)

The retiree is eligible to accrue service toward an additional benefit from LAGERS. To be eligible for the additional benefit, the retiree must be employed in a full time covered position for a minimum of 12 consecutive months. Any required employee and/or employer contributions would begin immediately upon re-employment.

Upon the retiree's subsequent termination of employment, he or she should make application for "re-retirement." The retiree's original benefit, as well as the additional earned benefit, would then become payable.

FAQs about Working After Retirement

Q:  What options do LAGERS members have for re-employment after retirement?

A:  There three options for re-employment after retirement under LAGERS

1.  A LAGERS retiree may work full time or part time for any private or non-LAGERS employer and continue to receive his or her monthly benefit. 

2.  A LAGERS retiree may work part time for an employer from which she is drawing a benefit and continue to receive her monthly benefit.  Part time is defined as less than the "Annual Hours Required for Coverage" that is elected by each employer.  If the retiree begins to work the Annual Hours Required for Coverage, the monthly benefit would be suspended and the retiree would again become an active member of LAGERS and eligible to accrue an additional retirement benefit.

3.  A LAGERS retiree may work full time for a different LAGERS employer from which he is receiving a benefit and still receive his monthly benefit.  Before the retiree may re-employ with a different LAGERS employer, he must have a one month break in service.  Once the retiree has been re-employed for 12 consecutive months, he would be vested and eligible for an additional monthly benefit upon his second retirement.

Q:  Why can't a LAGERS retiree re-employ full time with the same LAGERS employer and continue to receive her monthly retirement benefit? 

A:  

This would allow the retiree to receive a monthly retirement benefit at the same time she is earning a full time salary, both from the same employer.  In essence, this would allow the employee to retire from LAGERS without actually retiring.  This is currently not an option under LAGERS statutes.