Heading back into the classroom
August 10, 2018
With the dog days of summer upon us, you may be thinking about heading back into the classroom to earn a bit of extra money. Or maybe, you just miss being in a school environment.
Here are three questions you need to ask yourself if you decide to go back to work, either on a paid or volunteer basis:
Does the work I’m doing count as re-employment?
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 you’re not sure, call our Member Hotline (1-800-668-0105)
How close am I to the limit?
You can work up to 50 days in a school year without affecting your pension. If you plan to work past the end of the month in which you hit the 50-day limit, let us know. We’ll suspend your pension the following month.
All suspended pensions will automatically resume either on September 1st, or the month in which you have no re-employment service (whichever comes earlier).
How will I stay on top of my days?
It’s up to you to track your re-employment and inform us if you exceed the limit. Download Worklog to make this task a bit easier. The app will alert you when you’re close to the limit and remind you to stop working to avoid a pension suspension. You can download it in the App Store.