EPIC Retirement Plan Services
Randall & Hurley, Inc.
Loren D. Stark Company
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|Re-employing Company Retirees? Avoid Problems with Your Retirement Plan|
Warner Norcross & Judd LLP
June 11, 2015
"As the workforce ages and retires, employers often seek to fill in gaps by hiring their own retirees as independent contractors or temporary or part-time employees.... [B]efore hiring a retiree:  Check your plan document....  Prohibit any understandings with retirees before retirement that they will be re-hired in any capacity.  Require a minimum period of time before a retiree can be re-hired....  If you re-hire the retiree as an independent contractor, make the position sufficiently different to support independent contractor status....  If the retiree is safely re-hired, review the future effect of re-employment under the retirement plans."
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