Working After Retirement
Certain types of work are considered “disqualifying” once you’ve retired and have begun receiving your pension:
- If you have not reached age 65, and return to work for a participating employer, your monthly pension payments will be suspended.
- If you are age 65 or older, and return to work for a participating employer for more than 40 hours per month, your payments will be suspended.
- If you return to work for a non-participating employer, you may work as many hours as you want without your payments being suspended.
You will need to notify the SEIU Benefit Funds in writing when your re-employment ends. Your pension benefit may need to be recalculated.
Recalculating Your Benefits After a Suspension
When resuming your pension payments, your new benefit will include:
- The amount of your previous pension payment, including any retiree increases that went into effect before your pension was suspended.
- If your previous pension payment was calculated with a reduction for early retirement, each month of suspension will reverse one month of reduction for early retirement.
- Any contributions made to the Affiliates’ Pension Fund on your behalf since your pension was last calculated will increase your benefit.