Discussion and possible action to adopt the following policy with regard to the rehiring of former employees who are Texas County & District Retirement System (TCDRS) Retirees:
Effective June 1, 2014, former employees who are Texas County & District Retirement System Retirees are eligible to be re-hired but only after a separation from County employment of at least Two (2) years. Monthly TCDRS benefits will not be suspended as long as the original termination is bona fide. A bona fide separation means there must be a true separation in service between the County and the employee in which the employer/employee relationship is completely severed for at least a Two (2) year period. There can be no expectation, understanding, agreement, or arrangement that the employee will be hired full time or part-time after he or she retires. Failure to abide by this policy could jeopardize the County’s TCDRS plan’s qualified status which could subject the County to significant fees, penalties, and additional taxes levied by the Internal Revenue Service.
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