LAREDO, TEXAS (KGNS) - The retirement system in Webb county has been put in jeopardy in the past. Now the county has put into place a new policy to prevent it from happening again.
What was happening is county workers were retiring and started collecting on their retirement. Then a few months later, would be rehired to work for the county and therefore, was receiving double checks.
Commissioner John Galo said this put the county's retirement system in jeopardy. Now, the commissioner’s court voted to install a new policy. This would require retirees to wait at least two years before being considered for re-employment.
"The IRS looks at it. If you are not a bona fide retiree and drawing those benefits and then coming back to work and getting a second paycheck, it could put the whole retirement system in jeopardy and they will no longer recognize it, so we would lose our status with the IRS and all our retirees who receive money, or future retirees would be in jeopardy."
This new policy begins June 1. This is only for people who have drawn on their retirement. If you haven't, you can come back and work for the county with no time limit.