CSRS and Social Security

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Q. I receive CSRS OFFSET reduced benefits after working 29 years with the federal government. I am also covered with 30+ years substantial earnings for Social Security benefits. I turned 65 in May. When I turned 62, I started to have my CSRS payments reduced by the amount of SSA benefits I was entitled to if I was receiving them. I am still working full time and plan to continue for the next few years. Will this offset stop at any age, or will my CSRS payments always be offset by my SSA benefits? A. The offset to your CSRS…

Block 19

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Q. The definitions on the web for block 19 “cumulative retirement” only defines it, which to me has absolutely no meaning since it does not also state what happens to that amount once you do retire. Is that an initial retirement “seed money” or what? What happens to it? A. That’s a record of your contributions to the retirement fund. It only becomes important if you 1) resign from the government and ask for a refund of your contributions or 2) retire. In the latter case, it will be included in a formula used to determine how much of your…

Military buyback

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Q. I am a newer federal employee with nine years active duty in the Marine Corps. I intend on buying back my military time toward retirement. If I choose to leave to federal service before retiring, can I request a refund of the money paid back for my military service?  Also, I understand that I have up to two years to pay this amount off interest free. If I were to wait, say, six or seven years and pay a lump sum of the amount instead of installments, would I be charged any sort of interest?

Social Security benefit

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Q. I have 30 years in as a letter carrier, but I’m only 55. Will I be eligible to receive Social Security at this age and if so how much? Also, can I withdraw money from my TSP before 59 and a half to pay off my mortgage without the early withdrawal penalty?

Restored sick leave

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Q. I am a recently retired federal employee, MRA + 10 years. When I left I had 600 hours of sick leave remaining. If I were to return to a federal job, how soon would I have to return in order to get back that sick leave?

Special retirement supplement

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Q. I am a postal employee under FERS.  I am 58 years old and will have 29 years 11 months and two weeks when I retire, but with my four years of service I bought back and sick leave I will have 34 and a half years for my annuity. My question, being two weeks short of 30 years’ service, will I receive the SRS? One person from HR told me that I won’t because you need 30 years and they go by years and don’t round up. Another person from HR said I will get it and they do round up to give me the 30 years.

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