Browsing: annuity

Q. I retired as a CSRS Offset employee in 1997 at age 50. Since federal retirement, I worked in the private sector paying Social Security on those wages. At age 62, OPM reduced my federal annuity by about 25 percent but hasn’t adjusted my annuity since, even though I’ve contributed near the maximum into Social Security during the eight years since. I see nothing indicating that the offset ratio is a one-time event. What recourse do I have?

Q. I read this statement: “Eliminate the FERS annuity supplement for eligible employees retiring 2018 and beyond.” Does this refer to fiscal 2018, starting in October 2017; or calendar year 2018, starting in January 2018?

Q. My husband was retired from the U.S. Forest Service 12 years ago and receives a pension. His first wife died a year after he retired, and the pension plan was still deducting the survivorship amount from his pension. We married in 2007, and he realized that I am not eligible for the survivorship because he did not change the spouse information in the time allowed. They are going to refund the survivorship deduction over the last 11 years, but is there anything else we can do to become eligible? What if we divorce and then remarry?

Q. I am a GERS employee with the U.S. Postal Service. I have 18 years of service and will reach my minimum retirement age next year. Would it make sense to retire and take the annuity, or postpone it until I’m 60 or 62? I can be covered under my husband’s insurance.

Q. I am retiring under discontinued service at 54 years old. I will get my FERS annuity, and when I reach my minimum retirement age, the special retirement supplement. I want to work part time. What is the max amount that I can earn? What will be the difference in loss of benefits between a federal job and a nonfederal job?

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