Waiting for Social Security


Q. I am 60 and retired three years ago under CSRS with the post office. Will my annuity be reduced if I do not claim Social Security benefits at 62? I want to wait until I am 65 to claim Social Security. I worked nine years under Social Security when I was younger.

A. Because you retired under CSRS – not CSRS Offset – your CSRS annuity will never be reduced. If you are eligible for a Social Security benefit, the fact that you retired from a retirement system where you didn’t pay Social Security taxes means that your Social Security benefit will be subject to the windfall elimination provision. The WEP reduces the Social Security benefit of anyone who has fewer than 30 years of substantial earnings under Social Security. Note: If you only have nine years of coverage under Social Security, you won’t be eligible for a Social Security benefit. You have to have 10 years – 40 credits – to receive that benefit.


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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