If I retire from my current employer of 33 years using the Rule of 55, can I contract back to the same employer and still avoid the penalty on early withdrawals?

[pscdb]

Wanted to use Rule of 55 to avoid paying penalty on drawing from a company sponsored retirement plan.  However, was thinking about going back as a contractor and did not know if that would cause problems with the Rule of 55.

[Bsch4477]

Working for the same company as an independent contractor while withdrawing your retirement consistent with the 55 rule does not affect the tax liability of those withdrawals.