Q. I am 54 years old and retired from the federal Bureau of Prisons at the end of 2009 at age 50 with 27 years of government service (FERS). At age 57, will my annuity supplement be affected ($1 for every $2 over $15,120) if I am employed by the state of Ohio (SERS) with an annual income of $17,000?
A. Yes, it will. The reduction occurs if you have earnings from wages or self-employment that exceed the annual limit, regardless of the source.