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Home | Retirement Jobs | Will You Need to Work Part-Time After You Retire?

Will You Need to Work Part-Time After You Retire?

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20 per cent of future retirees expect part-time work to be a major income source in retirement -- twice the 10% who had the same expectation in April 2001, according to a recent Gallup poll.

Reasons why future retirees may need to work after retirement

"Numerous economic trends indicating that they may not be able to retire and live comfortably without working," are perhaps the most likely reason, says Dennis Jacobe, Ph.D., Chief Economist for Gallup

Waiting too long to accurately project what retirement income and expenses will be during retirement often brings surprises for future federal retirees. 

Rising health care costs, inflation, and the trend of living longer during retirement (thus outliving supplement savings like the TSP) are other issues that many federal employees stated in the recent My Federal Retirement Reader Survey.

Outside of financial concerns, many of the soon-to-be-retired are considering part-time work because they are in better health than retirees in the past, and may want to stay active or do something they enjoy while providing additional funds to their retirement nest egg.

What should you consider?

Caution for returning to work in the federal sector

While a House bill was introduced September 2007 to change this, under current law, if retired federal employees return to work as part-timers, they either must suspend receiving their annuities or receive a salary reduced by the amount they would have received from the annuity.  According to public records, this bill has not yet moved from the introductory stage.  The Office of Personnel Management has provided some exceptions to this.  Do your research. You also may consider becoming an outsourced or "contract" employee for federal agencies.



·  Employment Network for Retired Government Experts (ENRGE)
·  Federal Resume Example, Format, Builder, Writing Tips
·  Retirement Job Search Resources for Federal Employees





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