University Policy for Returning to Work
Retirees may return to work without affecting their university retirement status. However, these individuals should familiarize themselves with the earnings limitations of both the Social Security Administration and the Oklahoma Teachers’ Retirement System (OTRS), which could adversely impact monetary benefits payable from these authorities. Review the next two tabs to learn more.
Retirees who gain employment outside of the University of Oklahoma and become eligible for other coverage will have the option to remain in the OU medical insurance plan or to opt out while preserving the option to return in the future. To opt out, complete the Opt Out Form with HR. Learn more about opting out of medical insurance on the Insurance Benefits in Retirement page.
OU Retirees who return to work at the university in a benefits-eligible position must remain in the OU health (medical, dental, and vision) insurance plan for retirees. Retirees will only have the option to participate in the university's Flexible Spending Account (FSA). Retirement savings accounts may have restrictions and limitations; please contact the OU Human Resources office to discuss all your options.
For more information about returning to work, please contact the OU Human Resources office.
Social Security Limitations
Your salary earned in the fiscal year should not exceed the Social Security limits. The Social Security limits are administered differently during the first year an individual is entitled to draw Social Security benefits. If your employment earnings exceed the limits in the first year of your retirement, which Social Security calls the “year of entitlement,” you must meet a monthly earnings limit for the remainder of the year.
For additional information regarding your annual Social Security earnings limits, please visit www.ssa.gov.
Oklahoma Teachers' Retirement System (OTRS) Limitations
If you are receiving OTRS retirement benefits, you may not return to work in Oklahoma public education during the first 60 days after your retirement. For OTRS purposes, your effective date of retirement is the day following your last day at work.
OTRS has certain limitations if you work in public education in Oklahoma. Please note that the OTRS provisions do not apply if you return to work in a field other than Oklahoma public education; however, the Social Security limits apply if you are receiving Social Security benefits.
If you have questions, call OTRS at (405) 521-2387 before starting back to work.