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Pension Plan |
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CERF Pension Plan
Vested Employees Who Are Not Receiving
a Pension
If you were vested in a previous period
of service and have returned to work, your pension will be based on
your creditable service before, and after, your rehire date. In most
cases, if you were re-employed before June 10, 1999, and remained
employed on January 1, 2000, you will receive credit for your
service prior to August 28, 1994.
Retirees Receiving a Pension
If you are retired and receiving a
benefit from CERF, your benefit will be suspended if you are rehired
in a full-time (1,000 hours or more), eligible position. You will
also be subject to making the required CERF contribution. When you retire again, your
pension will be based on your total years of creditable service. If
you are rehired as a part-time employee, however, and work less than
1,000 hours in a calendar year, your pension will continue without
interruption. You will not earn additional credit for the part-time
service. |
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