By Nick Carpenter
Employees struggling with the concept of full-time retirement are turning to the state’s Post Retirement Option Program as a way to make the transition.
The program allows eligible retirees to work for the state part-time (up to 60 hours per pay period and 1,044 hours annually) for up to five years after retirement, and collect full annuity with no annual Minnesota State Retirement System earnings cap.
Since its start in late 2005, the PRO program has seen a steady increase in members and potential applicants.
“We have the most PROs of all the state agencies,” said Barb Kochevar, personnel representative.
One of Mn/DOT’s PRO members is Diane Gould, a senior engineer specialist in the State Aid for Local Transportation Division. Gould said she enjoys the part-time work and extra time off.
“You get the best of both worlds,” Gould said. “This way, I was able to ease into retirement.”
Rollie Wagner, a transportation operations supervisor in District 6, liked the concept of less work, but wasn’t ready to give up the financial benefits.
“The extra income is very helpful with so many costs of daily life increasing,” Wagner said.
Along with the continued earnings, members are eligible for either partial employer-paid insurance contribution or contribution to the Health Care Savings Plan administered by MSRS.
Mn/DOT also benefits from the ability to retain experienced workers and use them as valuable resources, according to Kochevar. PRO members provide multiple years of knowledge, and are able to transfer that knowledge through mentoring and training.
It’s a win-win situation according to Ray Viall, a rail construction safety oversight specialist with the Metro District.
“I get satisfaction in seeing contractors building our transportation system without interruptions and extra cost from accidents,” Viall said, adding that the state benefits from the expertise he’s developed during 35 years of public service.
To be eligible for the PRO program, applicants must have been in a civil service position on or after July 1, 2005 and worked a minimum of 1,044 hours per year in a position covered by a pension plan during the five years immediately preceding retirement.
For more information about the PRO program, district employees can contact their local Human Resources staff, while Central Office employees can call Barb Kochevar at 651/366-3383 or Mary Stohr at 651/234-7428.
Retiring soon? Join e-mail list to keep in-the-know on other retirees
A group of Mn/DOT retirees has established an electronic mailing list to which all Mn/DOT retirees can subscribe. Once a retiree has subscribed, the system automatically sends an e-mail to the retiree’s home e-mail address whenever a notice for a retirement party, a death or other information of specific interest to the membership is available. Currently the group has 227 members, reports Rod Pletan, the Mn/DOT Retirees e-Group moderator.
To join the list, send Pletan a note at rodpletan@mywdo.com. When providing information to Pletan for distribution, put “PLEASE POST FOR THE Mn/DOT RETIREES GROUP”in the note.
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