Industry News

On June 29, 2022, the National Association of State Retirement Administrators (NASRA) released its summary, Post-Retirement Employment Policies, 2022. The summary updates public retirement system post-retirement employment policies. According to the summary, the U.S. labor market was significantly impacted due to the COVID-19 pandemic. In state and local governments, some changed their post-retirement employment laws to allow public employers to have access to potential employees, even those that were retired from the same employers.

The summary is based on the public retirement system post-retirement policy details that were jointly compiled in 2018 by NASRA and the Center for State and Local Government Excellence (SLGE) (now known as the MissionSquare Research Institute) as part of a research project on post-employment retirement. In their report, Balancing Objectives in Public Employee Post-Retirement Employment Policies: Reassessing Barriers to Continued Work, they researched the post-retirement employment policies of 83 of the largest state retirement plans in the U.S. The research examined the policies related to state and local employees returning to work after retirement. In addition, the report presented the data and policies for each of the plans.

NASRA updated the laws and regulations included in the dataset listing that accompanies the summary that were originally compiled in 2018.

The summary, previous report and updated listing of post-retirement employment policies are available respectively here and here.