Salary may be reduced by annuity

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Q: I have a question on returning back to work part time in a federal job. I retired in February 2004 from the Postal Service. I retired in the Federal Employees Retirement System. I am thinking of returning back to work with the Transportation Security Administration. If I do, will it affect or reduce my annuity and my supplemental allowance?

A: Unless you are hired into a position that allows you  to keep both your annuity and the full salary of your position, your new salary will be reduced by the amount of your annuity. Check before accepting the job.

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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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