Time Extension For Higher Pension In Nassau
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FAQ
You will be eligible for a service retirement benefit when you reach age 55 and have five or more years of credited member service.
For most retirees who work for a public employer after retirement, the amount you can earn each calendar year, without affecting your pension, is limited to $35,000.
NYSLRS retirees can work after retirement and still receive a pension. However, you should be aware of the laws governing post-retirement employment and how working after retirement may impact your retirement benefits.
The usual conditions that the maximum age of retirement, shall not exceed 60 years and there shall, be a complete ban on extension in service beyond the age of superannuation except in case of medical and scientific specialists, who can be granted extension in service, on a case to case basis, upto the age of 62 years ...
A section 211 waiver is required when any New York State school district (other than the city school district of the City of New York), Board of Cooperative Educational Services (BOCES) or any county Vocational Education and Extension Board (VEEB), seeks to hire an individual who has retired from public service to fill ...
If you are a service retiree and plan to work for a NYS public employer while collecting a NYSTRS pension, your earnings are generally limited to $35,000, under Section 212 of the state's Retirement & Social Security Law.
A section 211 waiver is required when any New York State school district (other than the city school district of the City of New York), Board of Cooperative Educational Services (BOCES) or any county Vocational Education and Extension Board (VEEB), seeks to hire an individual who has retired from public service to fill ...
If you return to work for a public employer and will earn more than the annual Section 212 limit (currently $35,000), you may be able to work under Section 211 without affecting your pension. However, your employer must receive approval (known as a Section 211 waiver) before hiring you.
In addition, they must notify us when a NYSLRS retiree earns more than the Section 212 limit (currently $35,000).
In most cases, the answer is yes. You may still work while receiving a pension and Social Security benefits but with a few limitations. Since pensions are a part of your employee compensation package, they generally can't face elimination.
