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<div class="WordSection1">
<p class="MsoNormal">Agency Payroll & HR staff, <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">As we near the end of 2017 it seems like a fitting time to share some information with you about PERS and working after retirement. This often the time of year when retirees start approaching their hour limits. Please share this information
with staff as appropriate. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Returning to Work as a PERS Retiree<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Tier 1 and 2 – PERS <o:p></o:p></p>
<p class="MsoNormal"><u>After Retirement<o:p></o:p></u></p>
<p class="MsoListParagraphCxSpFirst" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;mso-list:l4 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>PERS retirees can only work a maximum of 1039.99 hours in a calendar year (January 1 through December 31) including paid leave.<o:p></o:p></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;mso-list:l4 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>Some employees qualify for an exception to the hours limit. You need to check with your agency’s Human Resources Department to determine if you meet any of the exceptions to the hour limit.<o:p></o:p></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;mso-list:l2 level1 lfo2">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>If you have reached full social security retirement age, there is no restriction on the number of hours that can be worked.<o:p></o:p></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;mso-list:l2 level1 lfo2">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>If you work more than 1039.99 hours within the first six months immediately after you retire, you will become an active member again. Any PERS retirement benefits may need to be repaid.<o:p></o:p></p>
<p class="MsoListParagraphCxSpLast" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;mso-list:l2 level1 lfo2">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>In the event more hours are worked, you may be re-employed and retirement benefits may cease.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Oregon Public Service Retirement Plan (OPSRP)<o:p></o:p></p>
<p class="MsoNormal"><u>After Retirement<o:p></o:p></u></p>
<p class="MsoListParagraphCxSpFirst" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;line-height:105%;mso-list:l3 level1 lfo3">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>If you are receiving a retirement benefit from OPSRP and return to work in a
<b>non-qualifying</b> position, you can only work 599.99 hours in a calendar year (Jan 1 through Dec 31)
<u>excluding the hours worked pre-retirement. <o:p></o:p></u></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;line-height:105%;mso-list:l3 level1 lfo3">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>If you are receiving an OPSRP monthly retirement benefit and return to work in a
<b>qualifying</b> position, or you work 600 hours or more in a <b>non-qualifying</b> position in a calendar year, retirement benefits stop and you become an active member again.<o:p></o:p></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;line-height:105%;mso-list:l3 level1 lfo3">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>If you received an OPSRP lump-sum retirement benefit instead of a monthly pension and become employed in a
<b>qualifying</b> position or a <b>non-qualifying position</b> with 600 or more hours in a calendar year, you will return to active membership. You will have to repay the benefit if you are employed on or before the date the payment is issued. You do not
have to repay the benefit if you are employed after the date your payment is issued.<o:p></o:p></p>
<p class="MsoListParagraphCxSpLast" style="margin-left:22.5pt;mso-add-space:auto;text-indent:-22.5pt;line-height:105%;mso-list:l3 level1 lfo3">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>There are no exceptions to the hour limits for OPSRP retirees.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">All paid hours are reported to PERS and count towards the hour limit.
<o:p></o:p></p>
<p class="MsoListParagraphCxSpFirst" style="margin-left:.25in;mso-add-space:auto;text-indent:-.25in;mso-list:l1 level1 lfo6">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>It’s the employee’s responsibility to track their hours.<o:p></o:p></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left:.25in;mso-add-space:auto;text-indent:-.25in;mso-list:l1 level1 lfo6">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>We encourage employers to also track the hours. It could create a financial impact to the agency if the employee exceeds the hour limit. The employer could owe unplanned contributions.
<o:p></o:p></p>
<p class="MsoListParagraphCxSpLast" style="margin-left:.25in;mso-add-space:auto;text-indent:-.25in;mso-list:l1 level1 lfo6">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]>DataMart queries are a useful tool for tracking retiree hours worked.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">You may review this information anytime on the Centralized PERS Website here:
<span style="color:#1F497D"><a href="http://www.oregon.gov/das/Financial/Payroll/Pages/cpers.aspx">http://www.oregon.gov/das/Financial/Payroll/Pages/cpers.aspx#</a>. </span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">There is also a lot of great information for retirees that can be found on the PERS website here:
<a href="http://www.oregon.gov/pers/RET/Pages/index.aspx">http://www.oregon.gov/pers/RET/Pages/index.aspx</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If you have any questions, please contact your Centralized PERS Services Analyst. They can be reached via email at: <a href="mailto:Central.PERSServicesTeam@oregon.gov">Central.PERSServicesTeam@oregon.gov</a> .
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely, <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">DAS Centralized PERS Services<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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