What happens when I return to work after retirement?
What happens when I return to work after retirement?
If you return to work for an LGERS employer in a position that requires LGERS membership during the month of your effective date of retirement, your LGERS benefit will be canceled retroactively to your retirement date, and you must repay all retirement benefits received since your retirement date.
Can a former employee come back to the company?
A rehire policy is also a good way to define who could potentially come back to the company and who can’t. Think for instance of employees who left because they felt they couldn’t further their career at the time, or people who wanted to take on new responsibilities as examples of the former.
What are the benefits of rehiring a former employee?
You can download this rehire policy example here (in PDF). Rehiring a former employee can have important benefits for your organization. Boomerang employees know the culture of the company and they can bring a fresh perspective on the business. But, on the other hand, they can also feel entitled or hold a grudge.
When is an employee deemed to have retired?
You will be deemed to have retired the month after the month you ceased performing services for the employer and repay all retirement benefits received and the cost of state-provided State Health Plan premiums until that date; or
If you return to work for an LGERS employer in a position that requires LGERS membership during the month of your effective date of retirement, your LGERS benefit will be canceled retroactively to your retirement date, and you must repay all retirement benefits received since your retirement date.
How to request extension of time to furnish statements?
INFORMATION FOR… Effective immediately, requests for an extension of time to furnish statements to recipients should be faxed. Fax your request letter to: The letter must include the following: (g) The signature of the payer or authorized agent.
A rehire policy is also a good way to define who could potentially come back to the company and who can’t. Think for instance of employees who left because they felt they couldn’t further their career at the time, or people who wanted to take on new responsibilities as examples of the former.
You can download this rehire policy example here (in PDF). Rehiring a former employee can have important benefits for your organization. Boomerang employees know the culture of the company and they can bring a fresh perspective on the business. But, on the other hand, they can also feel entitled or hold a grudge.