Normally, most NYSLRS retirees who return to work for a public employer face an earnings limit. Under Section 212 of the Retirement and Social Security Law, most NYSLRS retirees under age 65 who return to work for a public employer can earn up to $35,000 per calendar year without penalty. If a retiree exceeds the earnings limit and continues to work, their pension benefits are suspended for the remainder of the year.
The limit has been temporarily suspended by the Governor by executive order during the Covid-19 emergency.
- Pay from a public employer earned from March 27, 2020 through December 31, 2020 will not count toward a retiree’s annual earnings limit.
- Pay from a public employer earned January 1, 2021 through May 6, 2021 will not count toward a retiree’s annual earnings limit.
For more information about post-retirement employment, please read What If I Work After Retirement.