Re-employment after retirement

0

Q. I am collecting my CSRS pension, having retired from the Postal Service in February 2011 after a combined 37+ years of service — nine years and seven months with the Air Force, and 30 years and two months with the Postal Service. I’ve worked for a private corporation for about a year and had no problem with working and collecting a pension.

But now I have an opportunity to get a job with the U.S. Census Bureau. Since it is a government agency, I figured there may be some conflicts regarding collecting a salary and a pension at the same time. But each person I’ve asked regarding a potential conflict, I’ve received a different answer, which is to say, nobody really knows the answer but everyone has an opinion.

Is there clarification that you can give to me regarding the possible conflict I may have? It may not be worth my while to take a position with the Census Bureau if my financial losses outweigh my financial gains.

A. As a rule, your salary will be reduced by the amount of your annuity. Only the Census Bureau can tell you if you are being hired under an exception to that rule.

Share.

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.

Leave A Reply