Congratulations on your well-earned retirement!
Maybe you've thought about returning to work in a
part-time, casual or volunteer basis.
We call this re-employment.
Before you jump back in, did you know that re-employment may
impact your pension payments?
So how do you know if re-employment rules apply to you?
You're considered re-employed if:
You were employed in a job in education, and now you've retired,
you've started your retirement pension with us, and now you've returned to work
for an employer participating in our plan.
Next, what work does re-employment cover?
It's important to remember that re-employment can apply to
teaching or non teaching roles and includes part-time, contract
or even some types of volunteer work.
Here's some examples of re-employment:
working with a school board, designated private school or organization,
or the Ministry of Education,
working with an exchange program, for an Ontario government ministry
or for the Toronto and Region Conservation Authority
or volunteering for a position or
activity that you'd otherwise be paid to do.
It's also important to remember that you may be subject to the
re-employment rules even if you're self-employed.
Find out more about self-employed conditions on our
What's considered re-employment? page.
Let's say you've determined the re-employment rules do apply to you.
How many days can you work in each school year
before it affects your pension?
Your re-employment limit is 50 days.
Let's take a look at how that works.
Here's an example:
Say you hit your 50 day limit on February 14th.
You'll be able to work until the end of February in the same
school year without affecting your pension.
If you continue to work even part of one day in March,
your pension will be suspended.
If you plan to work past your limit,
let us know as soon as possible.
We'll suspend your pension for the months
you're re-employed past your limit.
Your pension will resume in the month after you stop working,
or September 1st of the next school year, whichever is sooner.
If you exceed the limit for the school year,
any return to work in the same school year will result
in another pension suspension.
Why?
Your limit doesn't reset until the next school year.
In this scenario,
if you stop working in March, let us know and we'll reinstate
your pension in April, the first calendar month
you have no re-employment.
It's up to you to track the number of days of re-employment.
This includes all pay days like sick days or stat holidays.
There's no need to report your re-employment days to us unless
you're planning to go over the limit.
Sign into your account to double- check your re-employment days
against your employer's records.
If you believe the number of days shown in your account is
incorrect, contact your employer directly.
Let's recap the key details about re-employment:
There's a 50 day limit before affecting your pension.
If the position or activity entitles you to compensation and
you decide to decline it, your service will still count
toward the limit.
It's your responsibility to keep track of your re-employment days.
Even if you go over by part of one day, your pension will be suspended.
and only contact us to let us know you plan to go
over the limit.
This video does not cover all aspects of re-employment.
It's your responsibility to know the re-employment rules.
For more information, visit our re-employment section or sign
into your account to review your re-employment record.