Q. I’m a CSRS Offset retiree. If I don’t file for Social Security at age 62, my annuity will be offset (reduced) at the age of 62. It is my understanding that I can continue to work and not be subject to the Social Security income limitation, correct?
A. At age 62, your annuity will be reduced by the amount of Social Security benefit you earned while a CSRS Offset employee. If you continue to work, you’ll be subject to the Social Security earnings limit. While there is no limit on how much you can earn, if your earnings exceed the annual limit, your Social Security benefit will be reduced or eliminated. If your earnings decrease, you’ll once more be entitled to a portion or all of your Social Security benefit. When you reach your full Social Security retirement age, the earnings limit will no longer apply.