Effective April 2, 2012 superannuation retirees, who have been retired more than a year, will be allowed to earn additional wages when returning to work in a public position in Massachusetts.
Retirees will now be able to earn up to $15,000 in a calendar year above the salary currently being paid for the position from which he/she retired when added to his/her retirement allowance. The number of hours retirees are allowed to work in a public position in a calendar year will remain the same at 960 hours.
Click here to view the PERAC memo regarding the increase on post retirement earnings and feel free to call the retirement office with any questions or concerns.