Q. I have been retired for two-and-a-half years. I am receiving the Special Retirement Supplement and just turned 61 years old in July. I understand that I can only earn so much a year before my SRS is effected. However, since this is my last year of SRS, can I earn as much as I want since after July 2019 it will be cut off, or will I have to pay monies back if I exceed the earning limits?
A. No, you won’t have to pay that money back. For proof, go to https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c051.pdf and scroll to the last paragraph under Section 51A3.1D.