Life Stage Wealth Advisors

View Original

Earnings Limit Suspension Extended Again

The suspension of the $35,000 calendar year limit on NYS (New York State) public employment earnings for retirees under age 65 has been extended until June 30, 2024. It applies to working in a NYS public school district or BOCES only. Employment in a charter school, community college, SUNY or other public employer is not covered by this extension.


Remember there is no limit on all earnings for those age 65 and older, working in the private sector, out of state or for the Federal Government.

The original suspensions were enacted during the Covid-19 pandemic to address the shortage of educators in NYS public schools. If you are considering returning to work in the public sector or have specific questions about your employment and earnings in retirement you should contact NYSTRS directly at (800) 348-7298.


Article written by David Daly


The views and opinions expressed herein are those of the author(s) noted and may or may not represent the views of
Capital Analysts or Lincoln Investment. The material presented is provided for informational purposes only.
Nothing contained herein should be construed as a recommendation to buy or sell any securities. As with all
investments, past performance is no guarantee of future results. No person or system can predict the market. There
is no guarantee that any strategies discussed will result in a positive outcome. You should discuss any legal, tax or
financial matters with the appropriate professional. All investing involves risk and no investment strategy can
guarantee a profit or protect against loss, including the potential loss of principal. A plan of regular investing does
not assure a profit or protect against loss in a declining market. You should consider your financial ability to
continue your purchases over an extended period of time.