Independent timing retard for engine speed limiting

A method and system for operating an engine wherein ignition of the engine is activated according to a predetermined timing schedule that references engine speed, and the ignition is suppressed above a predetermined engine speed threshold to allow engine speed to fall below the predetermined engine speed threshold. Thereafter, ignition is reactivated according to timing that is retarded relative to the predetermined timing schedule for a predetermined number of engine revolutions substantially when the engine speed has fallen below the predetermined engine speed threshold, thereby mitigating undesirable spikes in combustion chamber maximum pressure.