Offset trigger

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Q: I retired from civil service at 55. I have been working in the private sector. I just turned 62 and plan on continuing to work and not collect Social Security benefits until I retire altogether. When can I expect a reduction in my CSRS Offset annuity?

A: Since you have just turned 62, the offset should occur in your next annuity payment. The offset will be made regardless of whether apply for a Social Security benefit and will be equal to the amount of benefit you earned while employed under CSRS Offset.

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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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