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Earnings Limits for Retirees:

  • Year 2007 Earning Limits for Individuals Receiving Social Security Benefits

    AGE ANNUAL LIMIT
    Under full retirement age
    $12,960
    Over full retirement age
    No limit

     

     

  • NYS Public Employment Earnings Limits for Individuals Receiving NYS Pensions including SUNY's ORP

    • 211 Limit
      The Chancellor of the State University of New York may approve the employment of retired persons without diminution of retirement allowance upon receipt of a written request from the prospective employer providing specific evidence that:

      1. the retired person is duly qualified, competent and physically fit for performance of the duties of the position in which he/she is to be employed;
      2. there is need for his/her services in such positions;
      3. if he/she will earn more than one thousand dollars in one year that there are not readily available for recruitment persons qualified to perform the duties of such position; and
      4. that his/her employment is in the best interests of the government service.

        Approvals can be granted for periods not exceeding two years each. If the position to which the retiree is appointed is in the service of his/her former employer, the maximum the retiree can earn in a calendar year without diminution of his/her retirement allowance is the multiple of five hundred dollars next higher than the difference between (1) the sum of his/her annual retirement allowance computed without optional modification and (2) the salary on which his/her retirement allowance is based or his/her final average salary, whichever is greater.

    • 212 Limit
      Any retired person may continue as retired and, without loss, suspension or diminution of his/her retirement allowance, earn in a position or positions in public service in any calandar year an amount not exceeding $30,000 in 2007 provided such retiree executes and files with the retirement system a statement that he/she elects provisions of this section.

      Retirees drawing New York State retirement benefits can earn as much as their services can command from private sector employers or public sector employers from another state without diminution of their NYS pensions. However, social security earnings limits stated above would still apply.