Q. If I were to go to work as a seasonal IRS employee as a GS-4 (which I have been offered), would my salary be taken out of my GS-11 annuity? Would I, therefore, be working for free?
A. As a rule, the salary of a re-employed annuitant is reduced by amount of his annuity. For example, if he retired and went back to work at the same grade and step, he would receive his annuity plus the difference between his annuity and the salary of his new position. Practically speaking, he’d receive the same total amount of income that he did before retiring. On the other hand, anyone who is re-employed at a lower pay rate or work schedule would only receive his annuity. Before accepting that position as a seasonal IRS employee, you’ll have to find out if it would be an exception to the rule.
