Q. I’m a CSRS retiree and am thinking about returning to civil service. I’m 63 years old and am uncertain how re-employment will affect my retirement and health benefits. Will I lose all of my retirement benefits? Will I have to relinquish my health benefit and select another health insurance coverage?
A. No, you wouldn’t lose either your retirement or health benefits. They would continue without interruption. However, the salary of your new position would be reduced by the amount of your annuity.
8 Comments
To the CSRS retiree. Go back as a contractor. It would not reduce your annuity. This is what I am doing, going on 2 years now.
Thanks for that confirmation based on your own experience.
I am a FERS retiree. Just went back to work as a contractor. They are telling me that I HAVE to purchase their insurance because BCBS is not a employer health care program. I told them I’m retired and have BCBS for life and pay premiums. If I have to pay for their company insurance I will be paying over $600 a month in premiums. Is there anything I can do about this?
Non-federal employers can establish their own rules for health benefits coverage. Perhaps yours can be persuaded that their health benefits coverage isn’t needed by showing them the benefits you are already entitled to. You can find those for the Standard Plan at http://www.fepblue.org/benefit-plans/so-benefit-tables. If that doesn’t sway them, you’re stuck.
Is there a list of agencies hiring retired federal employees, as their contractor?
No, there isn’t.
I retired 36 years from the post office. I retired under fers . If I went back to work part time at the post office without the lose my retirement in my help insurance ?
Your annuity would be reduced by the amount of your salary. If you are receiving the special retirement supplement, it could be reduced or eliminated depending on how much you earn. Your health insurance would continue.