Retirement 101

What happens if I decide to go back to work after I retire?

If you return to work with the same employer, some plans have rules that stop your pension payments. Other plans have rules that allow retirees to work temporarily or for a limited number of hours without stopping pension payments. In some cases, retirees who go back to work for a former employer continue earning benefits. If you continue to work, but work fewer hours, you may be able to request that a portion of your pension be paid immediately to make up for the wages you no longer receive. The rules are different from one plan to another. Make sure to read your plan booklet and talk to your benefits/HR department or fund office before you make a decision to go back to work.

If you go back to work for a different employer, it generally will not affect your pension payments.