The financial penalty for returning to work for a TSERS employer on a part-time, temporary, interim, or fee for service basis, during the six months immediately following TSERS retirement, will be the lesser of the following as determined by the retirement system:

  • The member will be deemed to have retired the month after the month he or she performed services for the employer and repay all retirement benefits received and the cost of state-provided State Health Plan premiums until that date, or
     
  • The member will be required to make a lump sum payment to TSERS equal to three times the compensation earned during the six-month period.

If a member returns to active TSERS membership service during the six months immediately following the retirement date, the member’s TSERS benefits will be cancelled retroactively to the member’s retirement date, and the member must repay all retirement benefits received as well as the cost of state-provided State Health Plan premiums since the retirement date.

This page was last modified on 07/16/2024