Are You a Re-employed Pensioner?
For plan purposes, we consider you a re-employed pensioner if you meet the following conditions:
- you've ceased employment in education;
- you've received a retirement pension payment from the plan; and
- you're then employed by or otherwise engaged, directly or indirectly, to provide services for compensation for an employer who participates in the plan.
This definition includes all re-employment, teaching or non-teaching, whether done on an employment, self-employment or third-party basis. If you aren't sure whether your employer participates in the plan, ask them or contact us.
Keep in mind, you can't forfeit your pay to circumvent the rules. If the position or duty entitles you to compensation and you decide to decline it, your service will still count toward the limit.