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Re-employing Company Retirees? Avoid Problems with Your Retirement Plan
Warner Norcross & Judd LLPLink to more items from this source
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: [1] Check your plan document.... [2] Prohibit any understandings with retirees before retirement that they will be re-hired in any capacity. [3] Require a minimum period of time before a retiree can be re-hired.... [4] If you re-hire the retiree as an independent contractor, make the position sufficiently different to support independent contractor status.... [5] If the retiree is safely re-hired, review the future effect of re-employment under the retirement plans."

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