Q. I am looking for the documentation that allows a rehired annuitant to be hired into an acquisition position without the hourly (1,024) limitation on regular positions. Can you assist?
Browsing: Re-employment
Q. I started receiving Social Security benefits when I was 65 (my eligibility age would have been 66). I am now 68 and contemplating going back to work at a job that pays into Social Security. Will that have any effect on the windfall elimination provision that is not deducted from my benefits? I had 38 credits in Social Security when I retired.
Q. I retired from CSRS with 36 years’ service. I have since become a re-employed annuitant and will hit the five-year mark soon. Because of the nature of the position, I did not have to give up my retired pay. When I retire, will I be eligible for a recalculated CSRS pension assuming I elected to make a deposit for the five years as a re-employed annuitant?
Q: I was employed by the federal government between August 1983 and September 1999. At the time I left civil service, I withdrew contributions of $50,000. I have been offered a position with the federal government again. I am now 64. If I accept the position, will I be eligible for a pension? How many years would I have to work? Am I eligible for redeposit of funds? A: In order to get credit for your prior service, you would have to redeposit that money plus accumulated interest. If you did so, you’d be eligible for an immediate annuity because…
Q: I worked for the government for three years a long time ago and returned recently. I will be eligible to retire at 62 in about three years. I plan to work until 67, if possible. When should I pay back the withdrawals I took from my CSRS retirement? Is it better to do it sooner or later, assuming that I have the funds available? A: Making a deposit sooner than later is the better option because interest continues to accumulate on the amount owed.
Q: I am a 55-year old FERS employee eligible to retire as a special category FF/LEO with 27 years federal service. I have been thinking about finding a position teaching or working on the staff of a nearby university that is covered by the state retirement system (Ohio). It is my intention to work until age 65, so when I retire from the university I will be vested in their retirement system, too. The university offers a choice between a defined benefit and defined contribution plan. I have heard about things like the WEP and the Pension Offset Rule but…
Q: I am 62 and I was a USDA-ARS employee who took a buyout in July and retired. I’m a qualified Wildland Firefighter with a Red Card. If I were to join a crew, paid for by a state entity with pay coming from FEMA, headed to fight fire or work on flooding and hurricane duty for about two weeks, is that against OPM guidelines? I’m finding it hard to get an answer. They are asking for letters explaining payment of work. Hard to explain, since there are no contracts that I know of, only requests for crews who go…
Q: If offered a buyout, can an employee quit or resign from federal employment even though the employee is eligible for an immediate annuity? Can the buyout payment be extended into the next calendar year, or can the employee choose to retire early in a new calendar year and accept the buyout? How long after accepting a buyout can an employee who left federal employment, under conditions other then retirement, be rehired into federal service? A: If you are offered a Voluntary Separation Incentive Payment, the fact that you are eligible to retire would have no affect of your accepting…
Q: When you retire from a federal agency and become part of the Office of Personnel Management, does the former agency have any input about your current retirement after you have left? In other words, can it make changes to your retirement annuity or benefits? A: Only if your former agency forwards information to OPM that would affect your annuity or benefits; for example, a debt that had not been repaid to the agency which would need to be deducted from your annuity. However, since your agency would have certified your retirement application when it sent the file to OPM,…
Q: I am in CSRS Offset, retiring in November at age 58 with 30 years at the time of retirement. If I choose to re-employ, how will my annuity be affected by my new Social Security earnings? A: Since you won’t be eligible for a Social Security benefit until you reach age 62, you won’t be affected by the Social Security earnings limit. You can earn as much as you want until then without it affecting your CSRS annuity. However, if you are re-employed by the federal government, as a rule the salary of your new position would be offset…