Q. I took the Postal Service’s Voluntary Early Retirement Authority in July 2009. I am under FERS and had 25 years of service in the post office when I took the VERA. OPM has let us know that in May, I will be getting my annuity supplement based on the VERA.
I decided to go back to work full time after a year and a half off work. I will be making about one-third of what I was paid in the post office. How much am I allowed to make before my supplement is reduced or taken away? Since I am starting midyear, are the earnings based on monthly income or yearly income? This is one question that is not answered in the retirement book I received when I decided to take the VERA.
A. The limit is on annual earnings from wages or self-employment. In 2011 that limit is $14,160.