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Reemployment after retirement

Guest W Kelleher

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Guest W Kelleher

What is the norm for other DC plans in regards to reemployment after retirement (i.e., after a distribution or rollover has occurred)? Are there restrictions?

Under the Florida DB plan, retirees cannot return to employment for one year after retirement unless they suspend their DB benefits. The same law applies to members of the University Optional Retirement Program (DC plan), however, if a member has taken a distribution or rollover there is no benefit to suspend. In essence, there is "no teeth" to the law for the DC members.

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