Working After Retirement

You have several different options for working after you retire. If you decide to return to work, you should be aware of how it may affect your current LAGERS retirement benefit.

A retiree’s benefit will NOT be affected if:

• You employ full-time or part-time for any private or non-LAGERS employer.
• You re-employ in a non-LAGERS covered position with an employer from which you are drawing a LAGERS retirement benefit.
• You re-employ full time for a different LAGERS employer from which you are receiving a benefit.

• • • Before you may re-employ with a different LAGERS employer, you must have one calendar month break in employment. Once you have been re-employed for 12 consecutive months, you will be vested and eligible for an additional monthly benefit upon the second retirement.

A retiree’s benefit will be suspended if:

He or she re-employs in a LAGERS-covered position with an employer from which he or she is currently receiving a monthly benefit payment. According to Missouri state law, a LAGERS member may not be earning a benefit from the same employer from which he or she is currently drawing a benefit. If this were to happen:

• The monthly benefit would be suspended and the retiree would again become an active member of LAGERS.
• Once the retiree has been re-employed for 12 consecutive months, he or she would be re-vested and eligible for an additional monthly benefit upon his second retirement.
• Upon the second retirement, the first benefit would also be reinstated.