Earnings Limit Suspension Extended
Good news if you are considering returning to work.
If you are a NYSTRS service retiree, under age 65 and you have the opportunity to return to work for a NYS public school district or BOCES, recent legislation allows you to exceed the $35,000 annual calendar year earnings limit through June 30, 2023.
The COVID-19 pandemic created a severe shortage of public sector workers. To encourage retirees to return to work to fill the gap, the $35,000 calendar year earnings limit in NYS public employment for service retirees under age 65 was temporarily suspended by New York State executive orders several times. Those suspensions expired on June 29, 2022.
With the anticipation of continued shortages due to the increased number of retirements and staff turnovers in education, this new earnings extension law applies only to working in a NYS public school district or BOCES. Working for other public sector employers, charter schools, community college or SUNY are not covered by this legislation. Remember there is no limit on all earnings for those age 65 and older, working in the private sector, out of state or for the Federal Government.
Bottom line. If you are considering returning to work in the public sector or have specific questions about your employment and earnings in retirement you should contact NYSTRS directly at (800) 348-7298.
Article written by David Daly
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