Q. My agency was downsizing, so I accepted an early retirement offer at age 50. I was covered by CSRS Offset. When I turn age 62, do I have to apply for a Social Security benefit?
A. No, you don’t have to apply for a Social Security benefit. However, whether you do or don’t, at age 62 your CSRS annuity will automatically be offset (reduced) by the amount of Social Security benefit you earned while covered by CSRS Offset.
8 Comments
Are CSRS Offset retiree, received a combined pay net amount from OPM and Social Security?
Is Direct Express Card more favorable to use in the US and Abroad?
At age 62 your CSRS annuity would be reduced by the amount of Social Security benefit to which you are entitled, whether or not you apply for a Social Security benefit at that time. If you do apply for a Social Security benefit, the total amount you receive OPM and SSA should remain essentially unchanged. To get and answer to your second question, call the Direct Express hotline at 1-800-333-1795
Sorry. My question is not right. I mean 1 check for both OPM and SSA. Thanks
You’ll get two monthly payments, one from OPM and one from SSA.
Good Morning, sir,
I’m CSRS Offset, 64 years old and planning to retire this year. Due to financial constraints, I can’t pay my deposits to credit my overseas service. My federal service will started in 2004. Am I subject WEP?
You’ll be subject to the windfall elimination provision if you have fewer than 30 years of substantial earnings from which Social Security deductions were taken. You can find out more about the WEP and what constitutes substantial earnings at https://www.ssa.gov/pubs/EN-05-10045.pdf.
Thank you sir, As I’m Under Full Retirement Age FRA, is that another offset? My FRA is 66 & 6 months.
Because you are covered by CSRS, you can retire at age 55 with 30 years of service, 60 years with at least 20 or as few as 5 years at age 62.