Does participation in the Phased Retirement Program affect participation in a retirement-eligible position after a post-retirement return to work?
Q: Once an employee retired under the Optional Retirement Plan, whether as a result of the Phased Retirement Program or regular retirement) is that employee eligible to re-join the ORP if subsequently rehired into an ORP-eligible position? A: An ORP retiree who is re-hired into an ORP-eligible position would be permitted to make a new election to join the ORP or Arizona State Retirement System. If the retiree elects the ORP and is already receiving any ORP withdrawals, then the re-hired employee must complete five years of service in order to vest. back to top Supplemental Compensation Q: Does participation in the Phased Retirement Program affect a participant’s eligibility to earn supplemental compensation? A: Participation in the Phased Retirement Program does not affect existing Supplemental Compensation policy. For more information on Supplemental Compensation, visit this website. University Handbook for Appointed Personnel – Supplemental Work for the University 2.06.07 back to top
Related Questions
- How does participation in the TERI program affect retirement agreements between the University and individual faculty members?
- Does participation in an after-school program affect the development and quality of childrens friendships?
- Does participation in the EAP program have a negative affect on an employees job?
