Avoid losing money during the retire/rehire process and understand the rules to maximize your income in retirement:

You may have heard the phrase 'retire, rehire,' in reference to an Ohio public employee who retires and is rehired in the Ohio public pension system.

If you go back to work before two calendar months (not 60 days), you forfeit two original Single Life Annuity (SLA) checks. You will still receive your reemployment salary.

Employed retirees are not eligible for medical care coverage through the pension system if they're eligible through their new employer or they hold a position for which other active employees are eligible.

Your reemployment doesn't increase your pension benefit. You establish a second account. Second pension accounts are made up of contributions, interest, and possible matching employer funds.

Reemployment facilitates a smoother transition into retirement for many of our clients. It provides social interactions, nurtures a sense of purpose through engagement in meaningful work, and improves overall well-being.

• Receive dual income from pension checks and reemployment earnings.
  

• Overcome financial shortfalls for retirement, college savings, mortgage, debt payoff, and other expenses.
  

• Be exempt from city and local taxes and all pension income.
  

• Take an annuity if the payment is more than $25.00 per month.
  

• Roll it over into a qualified pretax account.
  

• Take a lump sum (taxes or increased Medicare premiums, if eligible may apply)