Q. I retired on CSRS disability from the Postal Service in 1989. I had already worked and paid in all my quarters to draw my Social Security before I started working for the federal government. Will or can my Social Security check be offset by the Offset Law that was passed in 1986? I have been told it would not be.
Browsing: CSRS Offset
Q. I will be eligible to retire in September. My agency is also offering a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay to qualified employees. In September 1995, I was part of a reduction in force. As a result, I eventually requested a refund of my retirement contributions. I was re-employed with the federal government in May 2001 under CSRS Offset and did not redeposit the refund. Will this affect the amount of my retirement annuity?
Q. I am a CSRS Offset employee, having 33 years with the federal government (five years and seven months as CSRS, 28 years as CSRS Offset). Prior to that, I worked and paid into Social Security. Now including CSRS Offset, I have more than 30 years of paying into Social Security. If my CSRS annuity is $1,000 monthly and Social Security pays me $1,000 monthly at age 62, can I expect to receive $2,000 monthly with no reductions from the windfall elimination provision and government pension offset?
Q. I was recently informed that I was a FERCCA and had an option to select CSRS Offset. I was also told that the 1 percent and matching in my Thrift Savings Plan would be removed if I selected CSRS Offset. My human resources office told me that it would be the exact amount that was put into my TSP. If it made money, I would be able to keep the difference. Likewise, if it lost money, I would have to make up the difference. So I selected CSRS Offset. Now they are beginning to remove the 1 percent by…
Q. I am hoping to retire under CSRS Offset soon with about 33 years of service. I am 59 years old. However, I will need to continue working full time in the private sector. I have been told that I will receive my full pension until I turn 62 years of age, at which time I will have my pension decreased by the amount I would receive from Social Security. However, I will be working full time outside of the government probably for the rest of my life. Since I will be working under the Social Security system after I…
Q. I’m CSRS and will retire with 35 years of service. My spouse is CSRS Offset and will retire with 33 years of service. I have been told I would receive a full survivor annuity. Will it come from the Office of Personnel Management because I thought I would fall under the government pension offset with the Social Security part. My spouse should have no problem with receiving a survivor annuity from me, right?
Q. I am a CSRS Offset, have 15 years under Offset and 18 under straight CSRS. You gave a formula in one of your answers to take the CSRS years times the Social Security estimate divided by 40 to get the amount that would reduce your CSRS payment. My estimate of $1,000 in Social Security is the amount for my entire years contributing into Social Security (both CSRS Offset years and years before working with the federal government). How do I figure out what amount of the $1,000 belongs to the Offset years?
Q. I am under FERS Offset. How does the FERS offset retirement works? Will I receive the same retirement benefits as CSRS?
Q. I am in CSRS Offset with 15 years under offset and 18 under straight CSRS. You gave a formula in one of your answers to take the CSRS years times the Social Security estimate divided by 40 to get the amount that would reduce your CSRS payment. My estimate of $1,000 in Social Security is the amount for my entire years contributing into Social Security (both CSRS Offset years and years before working with the federal government). How do I figure out what amount of the $1,000 actually belongs to the Offset years?
Q. I am a retired CSRS Offset and will be turning 62 in a few months. Since the Office of Personnel Management will be calculating my benefits, and I will be collecting Social Security, will OPM send out paperwork for re-establishing retirement benefit choices such as survivor benefits?