Browsing: CSRS

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.

Q. I was employed in June 2011 as an Army civilian. I served 33 years in the Marine Corps, out of which 14 years or so were active duty. I was still in the reserves when I was employed and retired from the reserves on July 1, 2011. My service computation date was computed to 08/27/97 for leave. After attending one of your seminars, I checked the government retirement and benefits website and my SCD on GRB is the same as my leave date. According to the GRB website, I am eligible for voluntary retirement on Jan. 18, 2020. Problem is,…

Q. I will be 68 next year when I retire as a CSRS annuitant. I’m having Medicare deductions taken from my paycheck. Will I continue to have them taken from my annuity check? A. No, you won’t. Premiums for Medicare Part A are only deducted from earnings from wages or self-employment. They aren’t deducted from annuities.