Q. I retired from the Federal Aviation Administration in January 2013 (after 33½ years) and began receiving my CSRS annuity. I am considering returning to the FAA in an executive level position. How will my annuity payments be impacted, if at all? Will I pay into Social Security or FERS?
A. As a rule, the salary of your new position would be offset (reduced) by the amount of your annuity. You would be covered by CSRS with the option of switching to FERS. In either case, if you want to get credit for that time to increase the amount of your annuity, you could have retirement deductions taken from your pay while you work or make the payment when you leave that position. For more information about the rules covering re-employed annuitants, go to www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c100.pdf.
