Working After Retirement

LAGERS retirees have several different options for working after they retire. If a retiree decides to return to work, he or she should be aware of how it may affect their current LAGERS retirement benefit.

 

 

 

A retiree's benefit will NOT be affected if:

 

• He or she employs full time or part time for any private or non-LAGERS employer.

 

• He or she re-employs part time for an employer from which she is drawing a benefit.

 

• Part time is defined as less than the "Annual Hours Required for Coverage" that is elected by each employer.

 

• He or she re-employs full time for a different LAGERS employer from which he is receiving a benefit.

 

Before the retiree may re-employ with a different LAGERS employer, he or she must have one calendar month break in employment. Once the retiree has been re-employed for 12 consecutive months, he or she would 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 full time with an employer from which he or she is currently receiving a benefit. According to 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.