Contract work and retirement annuities

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Q: I am thinking of retiring in October 2010 with 39 years, one month and 16 days of service. I will be age 58 years, three months at date of retirement. My supervisor would like to hire me back as a contractor for three days a week. Will this affect my net monthly annuity?

A: While being hired as a contractor shouldn’t have any effect on your annuity, you’ll need to check with your agency’s personnel office to find out if it would be acceptable under your agency’s employment guidelines.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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