Earnings After Retirement

Earnings After Retirement
If you return to work after retiring from NYSTRS, be aware it could impact your NYSTRS benefit.
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Sections 211 and 212 of the Retirement and Social Security Law govern NYS public employment by service retirees under age 65. The Section 212 earnings limit, determined by the State Legislature, is currently $30,000. Working under Section 211 requires your employer to obtain a waiver.

You can find more information about post-retirement earnings, including the rules governing work as a consultant, in the pamphlet Working in Retirement and in the Retired Members' Handbook.

Reporting Your Earnings

If you are working for a New York State public employer and have not yet turned 65 years old, you must report your non-pension earnings to NYSTRS each year as soon as you reach the legislated limit of $30,000 – even if your employer obtained a waiver on your behalf allowing you to exceed the limit. This applies even if the public employer contracted with a private, third-party entity to hire you.

Report your earnings as soon as you reach $30,000 in a calendar year by completing and submitting the Reporting Your New York State Public Employment Earnings (RMS-64.1) form, available on NYSTRS.org (Forms > Retiree Forms) or by calling our automated hotline at (800) 782-0289. Timely self-reporting can help you avoid having to repay a portion of your retirement benefit.

If you work for a NYSTRS-participating employer (including New York State public school districts, qualifying charter schools, the state Education Department, SUNY or state community colleges), you must provide your NYSTRS EmplID to your employer. In addition to your own reporting, NYSTRS-participating employers must report your earnings to us on a monthly basis.

Please Note: If you are subject to an earnings limit and exceed the limit at any time during a calendar year, NYSTRS will suspend your pension for the remainder of the calendar year if you continue working in New York State public employment. You also will be required to repay NYSTRS either for each day you exceeded the limit (applicable to those who worked without a waiver) or the dollar amount you earned in excess of the waiver limit (applicable to those who had a waiver with a specified earnings limit).

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