Q. I will be 64 this year and am considering retirement as a Senate employee. If I retire and begin my annuity from FERS, can I be employed part time and not lose any of my annuity or benefits if I earn less than the earnings limit set by Social Security?
A. With rare exception, if you retire and are re-employed by the federal government, the salary of your new position will be reduced by the amount of your annuity. So, before you accept another position, you’ll need to find out if it is exempted from this basic provision of law. If it is, you’ll be able to receive both your annuity and the full salary of that position. However, you’ll get no credit for that period of service when you leave it. In other words, you won’t be eligible for either a supplemental or a redetermined annuity.
