Policy Code: GCPD
Adoption Date: Tuesday, January 24th, 2012
Reviewed: Tuesday, December 19, 2017
RETIREMENT- POST-RETIREMENT EMPLOYMENT
Re-employment Within One Year
Iron District employees who retire must separate from employment for one year following their retirement with URS (Utah Retirement Systems), with the following exceptions:
Employees may be re-employed with Iron District after 60 days but within one year from their URS retirement date as long as:
They receive no Iron District provided benefits, including but not limited to: medical, dental, paid time off, annual leave, sick leave, or other benefits, excluding workers’ compensation.
Their salary is limited to the lesser of $15,000 or half of their final average monthly salary in a calendar year. If they exceed the earnings limitation or receive benefits, their retirement allowance will be canceled.
Re-employment After One Year
Employees employed after one year from their URS retirement date may choose to:
Earn a salary and continue to receive their retirement allowance; or
Earn a salary and cancel their retirement allowance in order to earn additional service credit.
After meeting the one-year non-employment period, retired employees desiring employment with Iron District will be eligible under the following guidelines:
Re-hiring of past district employees will be conducted on a competitive application basis. Applicants will not be discouraged nor guaranteed as re-hires before the official application and interview process.
Salary will be determined based on the qualifications of the applicant, which can include credentials for placement on the appropriate lane of the salary schedule.
Persons who are re-hired by the school district will be given the same benefit package currently being provided to other employees in similar jobs. Iron County School District will continue to contribute the normal cost contribution rate to URS for persons re-hired prior to July 1, 2010. Iron County School District will not contribute the normal cost contribution rate for persons re-hired after July 1, 2010.
Future Service Credit Purchase – Employer Participation
The Iron County School District does not participate financially in the purchase of future service credit for employees.