Your MSRS monthly retirement benefits do not stop if you are employed by any of the following:

• Private industry
• Federal or local government
• State government other than Minnesota

Important information you should consider when returning to work after retirement:

• If you return to work for the state, you need to wait until at least 30 days after your retirement date to be re-employed in a position MSRS covers.
• If you return to a position MSRS covers, there will not be retirement deductions taken from your salary.
• Notify MSRS if you return to state employment and when you end that employment.

Re-employed retiree earnings limits

If you are re-employed after you retire in a position covered by MSRS, no retirement contributions will be deducted from your salary; however, you may be subject to an earnings limitation. If you are under the age requirement for a full Social Security benefit and your earnings from your re-employment exceed the annual Social Security earnings limitation, your benefit payment will be stopped for the remainder of the calendar year.

The maximum earnings limit for 2012 is $14,640. For those reaching full Social Security age in 2012, the limit on the earnings for the months prior to full retirement age is $38,880 (see chart below for Social Security's full retirement age.) The Social Security Administration evaluates the earning limits each year. If you are over Social Security's full retirement age, there is no earnings limit.

For MSRS benefit purposes, there is no limit on earnings for self-employment, private sector employment or public employment covered by another retirement fund.