Dear Mrozi,
There are various re-employment after retirement policies in China and other countries. Here are some examples:
In China:
• Vocational Training Policies: The government provides vocational training services to help retirees upgrade their skills and adapt to new job positions, considering their re-employment needs.
• Tax Incentive Policies: According to national tax policies, certain tax reductions or exemptions are granted to the income obtained by retirees from re-employment. The specific reduction range and conditions vary according to local tax policies.
• Social Insurance Policies: During the period of re-employment, retirees can continue to take part in social insurance and enjoy corresponding social insurance benefits. Retirees who have reached the legal retirement age and have paid social insurance premiums for at least 15 years can receive both basic pensions and re-employment income.
• Labor Contract Policies: Retirees should sign written labor contracts with employers to clarify the rights and obligations of both parties. The term of the labor contract is not limited by the legal retirement age and can be agreed upon according to the wishes and actual needs of both parties.
In the United States:
• New York State: Section 211 of New York allows the New York State Civil Service Commission to waive the earnings limit of $30,000 (as of January 1, 2007) for retired employees to be re-employed in classified service positions. The presidents of SUNY campuses can also grant waivers for retired employees to be employed in unclassified service positions at SUNY. However, certain criteria must be met, such as the retiree being duly qualified and physically fit for the position, there is a need for the retiree's service in that position, and no qualified persons available for recruitment to perform the duties of such position.
In North Carolina:
• For Teachers and State Employees: If you retire with monthly early or service retirement benefits from the Teachers and State Employees Retirement System (TSERS) and are reemployed by a TSERS employer, you must be retired for at least 6 months before performing any work for a TSERS employer in any capacity (except as a school board member, etc.). If you return to work for a TSERS employer within 6 months on a part-time, temporary, etc. basis, there will be financial penalties.
In Maryland:
• For Maryland State Retirement and Pension System: After retiring, you must wait at least 45 days before accepting employment with any taking part employer. This rule applies even if you retired from an employer that has withdrawn from the system.
These policies aim to fully use retirees' experience and skills, improve their quality of life, and promote economic and social development. Hope these are help.
Thank you and best regards,
John Chiang
From Taiwan, Taipei
1There are various re-employment after retirement policies in China and other countries. Here are some examples:
In China:
• Vocational Training Policies: The government provides vocational training services to help retirees upgrade their skills and adapt to new job positions, considering their re-employment needs.
• Tax Incentive Policies: According to national tax policies, certain tax reductions or exemptions are granted to the income obtained by retirees from re-employment. The specific reduction range and conditions vary according to local tax policies.
• Social Insurance Policies: During the period of re-employment, retirees can continue to take part in social insurance and enjoy corresponding social insurance benefits. Retirees who have reached the legal retirement age and have paid social insurance premiums for at least 15 years can receive both basic pensions and re-employment income.
• Labor Contract Policies: Retirees should sign written labor contracts with employers to clarify the rights and obligations of both parties. The term of the labor contract is not limited by the legal retirement age and can be agreed upon according to the wishes and actual needs of both parties.
In the United States:
• New York State: Section 211 of New York allows the New York State Civil Service Commission to waive the earnings limit of $30,000 (as of January 1, 2007) for retired employees to be re-employed in classified service positions. The presidents of SUNY campuses can also grant waivers for retired employees to be employed in unclassified service positions at SUNY. However, certain criteria must be met, such as the retiree being duly qualified and physically fit for the position, there is a need for the retiree's service in that position, and no qualified persons available for recruitment to perform the duties of such position.
In North Carolina:
• For Teachers and State Employees: If you retire with monthly early or service retirement benefits from the Teachers and State Employees Retirement System (TSERS) and are reemployed by a TSERS employer, you must be retired for at least 6 months before performing any work for a TSERS employer in any capacity (except as a school board member, etc.). If you return to work for a TSERS employer within 6 months on a part-time, temporary, etc. basis, there will be financial penalties.
In Maryland:
• For Maryland State Retirement and Pension System: After retiring, you must wait at least 45 days before accepting employment with any taking part employer. This rule applies even if you retired from an employer that has withdrawn from the system.
These policies aim to fully use retirees' experience and skills, improve their quality of life, and promote economic and social development. Hope these are help.
Thank you and best regards,
John Chiang
From Taiwan, Taipei
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals. CiteHR connects professionals facing similar challenges, leveraging a vast knowledge base (100K+ downloads, 150K+ discussions) and targeted emails to engage experts in solving issues.
Enforcement of negative covenants in employment terms.pdf