Retirees Serving as Elected or Appointed Officials

If you are a Tier One or Tier Two retiree who is an elected official A person who is elected to a full-time, salaried office of the state or participating political subdivision of the state. or appointed official A person who is appointed to a full-time, salaried office with a fixed term., you may not work under the 1,040-hour limit. Your retirement benefit payments will cease once you take office and will not be payable for your entire term of office. Once your term is over, you may re-apply for retirement benefits. PERS will recalculate your retirement benefits based on your age, account balance The dollar value of your PERS account as of a given date. This account consists of all contributions and earnings received as of December 31, 2003, plus any earnings received after December 31, 2003., and other calculation factors in effect at the time you re-retire.

If you are a retired Tier One or Tier Two member serving as an elected or appointed official, you may elect to become an active member by giving PERS written notice within 30 days after taking office. This election is irrevocable during the term of office for which the election is made. Even if you do not make this election, your retirement benefits will still cease unless you qualify for an exception.