FAQs
How will campus departments know the maximum earnings that a rehired retiree can earn to avoid making them into an affected annuitant?
11/30/2021
Per SURS, payouts of accrued vacation to annuitants where the university is obligated to pay out vacation benefits at termination could result in the retiree exceeding the earnings limitation, causing him/her to become an affected annuitant. If a rehired retiree will accrue vacation, the department needs to include the potential buyout when calculating the annual compensation or ensure that all accrued vacation time is used during the contract period.
