Q. I am a federal employee who will retire under CSRS. I also get Social Security. My wife will also will retire soon under CSRS. If I die, can she get my Social Security benefits? A. Her Social Security survivor benefit would be subject to the government pension offset provision of law, which will reduce it by $2 for every $3 she receives in her CSRS annuity. In most cases, the GPO wipes out that benefit.
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Q. I plan to retire under CSRS offset well before I turn 62. I know at 62 my retirement will be recalculated and my annuity check will be split between OPM and the Social Security Administration. When I turn 62 and start receiving my retirement pay from both OPM and the SSA, am I bound by the earning limits set by Social Security (currently $15,480.00 annually)? A. Yes, you are bound by the Social Security earnings limit. That limit applies to anyone who is under full Social Security retirement age and has earnings from wages or self employment that exceed…
Q. I retired at 60 under the CSRS Offset program 18 months ago which, I think, I understand fairly well. Still: At 62 (this summer), I understand my CSRS amount will be reduced by my Social Security benefits amount. I want to confirm that the total I will receive will be substantially the same. But also, will my bank then begin receiving two deposits? Or does OPM somehow intervene so that there is but one monthly payment? Also, while I worked under the CSRS Offset program for 25 or so years (six under pure CSRS), what about the Social Security…
Q. I am 64 and I am unmarried with a CSRS retirement with no survivor benefits designated. My 62-year-old future wife will begin receiving her Social Security benefits in September. I am not qualified to receive any Social Security benefits although I have paid in for 36 quarters. Will her Social Security benefits be affected by my income after we marry? A. No, they won’t.
Q. I’ve read about the Social Security reduction if your income is above a certain amount. Does the calculation for that amount include the FERS pension and TSP annuity payments? In other words, does the SSA consider my pension and TSP payout to be “income” they will reduce against? Or is the reduction only against “wages” from actual employment income after you reach SSA retirement age?
Q. I’m an air traffic controller hired in 1985 under CSRS offset as a flight service controller and later converted to FERS with no explanation. I’m coming up on age 56, does the CSRS exemption for flight service specialists appointed prior to Jan. 1, 1987 apply? If not, which law explains the differences between CSRS and CSRS offset? A. You were actually hired as CSRS Interim employee (CSRS and Social Security). Because you had fewer than five years of CSRS coverage on Jan. 1, 1987, you were automatically converted to FERS. Therefore, the exemption you referred to doesn’t apply.
Q. I’m looking to retire after 38 years of federal service, including 4+ military & 4+ postal. I left the post office and returned to federal service a year later in 1985. I was included as a CSRS Offset, paid my military deposit and have paid into Social Security for over 39 yrs. When I retire, will my CSRS retirement be affected by a reduction when I apply and receive Social Security, or will my Social Security be reduced? The way I read most articles, is that I will receive my federal pension and Social Security without a reduction. Am…
Q. I am a 56-year-old re-employed annuitant and CSRS Offset. I retired at 51 with 30 years of service and took an 8 percent reduction. I plan to work at least 5 more years so my annuity will be recalculated. I have been offered another government position and believe I could switch to FERS. Would I receive full benefits from FERS for the entire 36 years of service (31 under CSRS Offset and 5 under FERS) or would I receive 2 separate retirements? Also, would I be able to receive my entire Social Security benefit if I switched to FERS?
Q. My husband is a CSRS retiree with 34 years of service, he also has enough credits to qualify for his own Social Security. I am a FERS employee retiring this year with 33 years of service. We are both GS-15 retirees. Obviously, my Social Security is much higher than his. Would it matter if he files for Social Security under himself or under my benefits? Or will the offset be equivalent?
Q. I retired Dec. 31, 2013, from the Federal Bureau of Prisons. I worked 23 years and worked four years in the Air Force. I currently receive annuities from my high-3 and also FERS annuity supplement. Can I also receive SSDI along with my regular retirement pay?