Retirement, part-time work and penalty

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Q. Last week, I told Joplin Social Security that I was going to retire Nov.30, but my work has asked me to work half days for a few months. Will this affect my first Social Security check in January? How much can I make without paying a penalty? Do I have to tell the Joplin office that I am going to work 20 hours after I told them I was going to retire Nov. 30?

A. Of course you need to tell the Joplin office. Unless your organization has the authority to bring you onboard as a re-employed annuitant, you wouldn’t be able to retire. If it did have that authority, your salary would be reduced by the amount of your annuity.

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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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