Here is some general information regarding hours and compensation for an Active
Retiree.
Are the number of
hours determined in advance?
Because the department
has to budget for the retirement position, the hours for the assignment need to
be determined in advance. There may be some flexibility in the work schedule
depending on the needs of the department. However, it is the responsibility of
the retiree to monitor their hours, so they do not exceed the amount allowed by
the program and Arizona State Retirement.
Can the number of
hours change from year to year?
Yes, an example would
be a retiree that elects 49% one year, reduces to 20% the next year, and chooses
to work only one day the last three years. Or any variation either increasing or
decreasing the annual number of hours.
Can an Active
Retiree stop participation in the Active Retirement program and return to work
full time?
According to
legislation (HB 2050) that was passed in the spring of 2001, if a retired member
of ASRS is separated from employment for at least 12 months with no
contributions made to ASRS during that period of separation, they may return to
work up to full time and still be eligible to receive their ASRS pension. The
employee may return to the Active Retirement program up to the amount of time
that remains of the five years from their original retirement date.
What will be my
rate of pay, and will I get raises?
Compensation will be
based on the schedule in effect on the date of retirement. You will remain at
this same rate for the full number of years you are eligible to participate in the program. No step changes or cost
of living adjustments will be applicable.
