Earnings for CSRS Offset retiree


Q. I am 59 years old have retired from the U.S. Forest Service under mandatory retirement as a firefighter. I currently work in an emergency hire capacity as a Administratively Determined employee. As a CSRS Offset retiree, I will be forced to apply for Social Security at 62 and will have an earning cap of around $15,000. What is the penalty if I exceed this earning limit? I would like to continue to work for a number of years past 62 and could easily surpass this earning limit.

A. Your Social Security benefit will be reduced by $1 for every $2 you earn above the annual limit. In 2015 that limit is $15,720.


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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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