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Why Only 1,040 Hours per Year?
MOSERS must administer the retirement plans according to applicable state and federal laws. With respect to retiree reemployment, state law generally requires payments to be paused when a retiree returns to employment:
"Employee" shall be any person who is employed by a department and is paid a salary or wage by a department in a position normally requiring the performance of duties of not less than one thousand forty hours per year. RSMo 104.1003.1(13).
If a retiree is employed as an employee by a department, the retiree shall not receive an annuity payment for any calendar month in which the retiree is so employed . . . . RSMo 104.1039.
In other words, as long as a retiree does not work more than an average of 2-1/2 days per week (which would mean working fewer than 1,040 hours per year), the retiree will continue to receive retirement benefits.Topics
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- Legislation (5)
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- Normal Retirement (23)
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