Know the re-employment rules
November 26, 2015
Whether you're newly retired or have been receiving a pension for a while, here's a few key things you need to know if you're thinking about going back to work.
- There's a limit. You can work up to 50 days in a school year without affecting your pension. If you reach your limit, you can work until the end of the month in which you exceed the limit. If you continue to work after the month in which you exceed the limit, your pension will be suspended.
- It's not just teaching that counts. Any service you provide to an employer who participates in the pension plan, for which you are entitled to get paid for, is considered re-employment. If your retirement pension began on or before Sept. 1, 2010, and you work in a non-teaching capacity at the Ministry of Education, a recent plan amendment affects you. Contact us to learn more.
- You need to keep track. You're responsible for keeping track of your days and informing us if you exceed the limit. To make it easier for you, download Worklog, our app that allows you to track your re-employment. The app will alert you when you're close to the limit and remind you to stop working to avoid a pension suspension.
Contact us directly if you're unsure if the re-employment rules apply to you.