Earnings limit


Q. I retired under FERS from the Bureau of Prisons with 22 years of service. I just turned 55 and have been hired by a private company for a job I am really looking forward to. When I turn 57 in September 2015, will I be required to reduce hours to stay below a specified salary threshold?

A. When you reach your minimum retirement age, the special retirement supplement you receive will be subject to the Social Security annual earnings limit. In 2013, that limit is $15,120. Your SRS would be reduced by $1 for every $2 you earned above the limit.


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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