Browsing: Creditable service: CSRS

Q. I have worked for the government in two different agencies. I worked for the U.S. Postal Service for 12 years under CSRS, which was followed by time in the U.S. Department of Commerce for the remainder. This includes four years of military service. There was a break of more than a year between the two. I was classified as being Offset CSRS in the Department of Commerce, but I have always paid into Social Security both in the Postal Service and Commerce. Shouldn’t I be exempt from WEP? A. Because you had a period of service under CSRS –…

Q. I am eligible to retire under CSRS with what is currently 37 years of service (SCD JUL 1982). I am still working and plan to for a couple of more years. However, I became eligible for full Social Security January 2019, for work employed outside of CSRS. Would my CSRS pension (when I retire) be reduced by this amount if I were to sign up for it or is it the Social Security amount that will be reduced or eliminated? A. If you have reached the age when you are eligible for a full Social Security benefit (between 65…

Q. Individuals covered under CSRS pay CSRS employee deductions, and are excluded from Old Age, Survivors and Disability Insurance taxes of Social Security. They may contribute up to the Internal Revenue Service elective deferral limit each year to the Thrift Savings Plan (TSP), but CSRS employees who contribute do not receive any government contribution. There are so many references in Office of Personnel Management materials, congressional papers and Treasury manuals that prohibited those working under this system from paying into Social Security, how can Congress and Social Security turn around and penalize survivors whose spouses paid into Social Security? Why…

Q. I left government service in 1981 and withdrew my retirement funds. I then re-entered government in 1991 under CSRS and retired in 2009. I am paying back the withdrawn funds every month out of my annuity. How long will they take out these funds from my retirement? It will be 10 years in January 2019. I have been told by others that it will be 10 years, then the money will be put toward my retirement annuity.

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