How is my retirement benefit affected by working after retirement benefits begin?
If your work after retirement is not for a PERA-eligible employer, your benefit will not be affected. As a former member of PERA collecting a monthly retirement benefit, you may be employed in what would normally be a PERA-covered position. As an employee, your earnings must be reported to PERA, but no deductions are taken from those earnings. You may earn up to pre-defined earnings thresholds each year. If you exceed those thresholds, your benefit will be offset or suspended until the earnings threshold changes again at the beginning of the new calendar year. If you will not reach your full Social Security retirement age in 2009, you may earn up to $14,160 before your benefit is affected. If you will reach full Social Security retirement age in 2009, the limit is $37,680 for the period between January and the month in which you reach full retirement age. In both cases, your benefit will be reduced $1 for every $2 you exceed the limit. If, however, it is determined that suspending your
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