A follow-up. On April 30, a reader wrote:
Q. I am a retired federal employee covered under CSRS Offset. I am 65 and have been receiving Social Security payments since I was 62. I will be submitting a request for withdrawal of my Social Security and pay back all the Social Security that I received to date. I will be applying for new Social Security after the process is complete. My pension was reduced when I first received the Social Security payment. Once I receive the new higher Social Security payment in the future, would my pension be reduced more?
A. At age 62, your annuity was permanently reduced by the amount of Social Security benefit you earned while covered by CSRS Offset. It won’t be reduced any further.
The new question:
Q. So if I retired under CSRS Offset at say 63 or 64 but waited on Social Security until 65 or 66, would the age 62 still be used as the reduction of the annuity, or would it be the age at retirement — in this case, 63 or 64?
A. If you retire after reaching age 62, the offset will occur on the day you retire. The amount of the offset will be based on the amount of Social Security benefit you earned while covered by CSRS Offset and your age at retirement.