Q: I recently retired from the postal service under CSRS. Would it be possible for me to be employed as a rural route carrier? A: Yes. However, your salary would be offset by the amount of your annuity.
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Q: I have 14 years 10 months of federal service under CSRS that ended in May 1993. I am returning to federal service later this year. Can I be reinstated under CSRS? Also, my “high three” likely will be based on my earnings from the new employment as it is at a higher level than when I left in 1993. How do I calculate my retirement? A: When you return to work for the government, you’ll be placed in CSRS Offset (CSRS and Social Security) with the option of transferring to FERS. Your annuity will be calculated under the rules…
Q: How soon can I return to federal service after taking a $25,000 buyout? I am a federal employee, GS-14. A: Five years. If you return before that, you’ll have to repay the amount you received plus accrued interest.
Q: If a person retired as a GM-14 supervisor under the Civil Service Retirement System, can that person be brought back as a rehired annuitant in a supervisory position? A: There is nothing in law or regulation that would prohibit that; however, you’d need to check with the agency that is considering hiring you to see whether there is a policy that would prevent such an appointment.
Q: I am 61 years old and have 31 years of federal service under the Civil Service Retirement System. I plan to retire in April 2012. Does it look like we will be offered a buyout? If so, is there anything that would keep me from being part of the offer? A: We have no information about which agencies, if any, will be offering buyouts, and even less information about which employees would be offered one. However, if you were offered one, nothing would prevent you from accepting it. The fact that you are already eligible to retire is irrelevant.
Q: I have been a full-time Federal employee for 37-plus years under the Civil Service Retirement System. I am considering retiring by year’s end and working on a part-time basis (64 hours per pay period) for the next six to eight months. Will this affect my monthly retirement annuity calculation? A: Yes, it will. However, the shorter the period of part-time service is, the less its impact. You’ll find the formula used to compute an annuity with part-time service on the Office of Personnel Management website here (scroll down to Section 55B2.1-1). Although this section refers to Federal Employees Retirement…
Q: I have been married to my husband for 28 years. He worked for the post office the entire length of our marriage. He is going to continue working for another five years, even though he is eligible to retire now. What happens if he passes away before he retires? An I still eligible to receive half of his retirement? How do I protect myself to make sure I can depend on receiving half of his retirement? A: You don’t need to do anything. If he were to die while still employed by the government you would be entitled by…
Q: I am a firefighter/law enforcement retiree under the Civil Service Retirement System. I have been retired for seven years and am interested in returning to work. A local federal agency is interested in having me work for them in a seasonal position as a GS-4. I would work from approximately May to October and would receive no benefits, as these types of positions/employees are not eligible for health insurance or retirement benefits. I would be paying into Social Security, which I am currently not collecting. The agency cannot seem to get a clear answer as to if it would…
Q: I have about six years active military service, which began in May 1985, and 14 years reserve service, which ended in 1995. I am a FERS employee. I began work with the government in January 2009. Can you explain what buying military time means, and whether someone in my situation should do it? A: If you made a deposit for your six years of active-duty service, you would have six more years of creditable service for retirement and your FERS annuity when you did retire would be 6 percent higher. It’s worth noting that making a deposit for your…
Q: I work for the Treasury Department and have 28 years of federal service. I plan to retire in December because I will have reached age 57. I am seeking federal employment (non 1811series) and am unclear as to how my retirement/salary would be affected if I took another federal job before retirement, and what would happen if that other job was again with treasury. A: Generally, federal employees, civilian and military, are prohibited from receiving pay from more than one Federal Government source. The laws on dual employment apply to agencies in the executive, legislative and judicial branches, corporations…