CSRS offset


Q. I am a rehired CSRS annuitant paying both CSRS and the Office of Access and Services for Individuals with Disabilities (Social Security). What is the percentage withheld for each? And what does this do for me? Will my annuity be reduced when I turn 62? I can’t collect Social Security, can I?

A. As a CSRS Offset employee, you are contributing 6.2 percent to Social Security and 0.8 percent to CSRS. If you retire before age 62, your annuity will be no different than any other CSRS retiree who contributed 7 percent to CSRS. However, when you reach age 62 (or if you retire at age 62 or later), your CSRS annuity will be offset by the amount of Social Security benefit you earned while a CSRS Offset employee. The amount you receive will be the same; it will just come from two different places, OPM and the Social Security Administration. If you have other Social Security-covered service, your Social Security benefit will be higher still.


About Author

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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