Q. I recently had to choose between CSRS Offset and FERS due to an error made in my human resources department. I was classified as an intern or temp for the years 1982 through 1984 and erroneously put in CSRS versus FERS. I have since chosen CSRS Offset. As a result of their mistake, it has been brought to my attention that this error has also uncovered two years where I did not contribute to a retirement system (only FICA). I now have the option of buying back the two years. However, what was once an $800 bill, has now…
Browsing: annuity reduction
Q. If you retire from the federal government at age 67 and then work in private industry, are there restrictions on the amount you can earn? What about Social Security? Is that restricted?
Q. I am a CSRS Offset employee who retired in 2007 from the Postal Service. I just turned 62 and the Office of Personnel Management started reducing my annuity due to eligibility to SSA. I also applied for Social Security. After receiving one full check, they too have reduced my check under the windfall elimination provision for the same exact amount as the OPM reduced it. Is this possible?
Q. I am a 59-year-old who retired from the federal government in 2011 after 25 years of service. I entered on duty at age 32 and retired under FERS Special. I received a notice from the Office of Personnel Management that my supplemental annuity will now be decreased since I earned more than $14,500 last year. Someone told me that this shouldn’t be reduced since I’m not yet age 62. Which is correct?
Q. I am a 58-year-old Defense Department civilian GS-13 with 25 years. I am trying to decide when to retire in the next year or so. What will be the benefits if I wait and there is a reduction in force next year? Is there any risk that retirement benefits will be reduced if I wait?
Q. I am 59, turning 60 in December. I have eight years and one mo of credited military time (I just bought back my retirement) and have almost three years as a civilian employee. When would I reach a point where I could expect a minimum retirement?
Q. I’m a FERS employee with 27 years of service. I am 47 years old. If a Voluntary Early Retirement Authority is offered, at what age do I collect Social Security? Also, if a VERA is offered, would my pension be 1 percent per year for a total of 27 percent? Or are there penalties?
Q. I was hired as an Army Reserve technician in 2004. In 2007, I was hired and transferred to a Department of the Army civilian position and I am still employed in this status. Recently, I was told that I had the wrong retirement code (K) and that it was changed from K to N. As a result (and without notice), I am now having deductions from my FERS retirement, which at the rate the Defense Finance and Accounting Services have deducted so far, I expect it to be thousands of dollars. Other than stating that it was as a…
Q. Is the Social Security benefit that the federal retiree receives from a spouse’s nonfederal work history reduced in any way because the retiree is receiving a federal pension?
Q. I am a federal employee under CSRS for 40 years. When I am receiving pension, am I eligible to get half of my husband’s Social Security benefit? And if he dies before me, will I be able to collect his Social Security benefit?