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Applies to Working Participants Ages 65 and Older
Beginning January 1, 2003, vested participants who continue working after age 65 can begin receiving their pension benefits no matter how many hours they work. Before this change, participants between ages 65 and 70 could not start their pension benefits unless they earned fewer than 50 hours in a month after their 65th birthday. The 50-hour rule was removed effective January 1, 2003 allowing participants ages 65 and older to draw their pensions without terminating employment.
An application for benefits must still be completed and filed with your Area Administrative Office before benefits begin. Click here for details.
The three-month retro payment rule also still applies to any participant under age 70. Click here for details.
Important Note: Your collective bargaining agreement may control whether you can still continue your covered work after you start receiving your pension benefits. Many contracts have rules that concern loss of seniority or other rights at retirement. Be sure to find out about these rules beforehand from your local union or employer if you are age 65 or over and intend to continue work for the same employer after your pension starts.
Note: The retirement from employment rules for participants under age 65 have not changed. Click here for details.
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