Q. I am a rehired CSRS annuitant paying both CSRS and the Office of Access and Services for Individuals with Disabilities (Social Security). What is the percentage withheld for each? And what does this do for me? Will my annuity be reduced when I turn 62? I can’t collect Social Security, can I?
Browsing: CSRS Offset
Q. I received a refund of my CSRS contributions when I separated from federal service in 1993. Four years later, I returned to federal service. I am CSRS offset. Because I withdrew my contributions from CSRS, and federal service where Social Security taxes are withheld is not affected by the windfall elimination provision, will withdrawing CSRS contributions change my Social Security benefit when I retire?
Q. I am under CSRS offset. I am going to retire in three years at age 62. I know my government pension will be reduced by $213 when I turn 62. According to my Social Security statement, I should receive $888 if I collect at age 62. It states: “At your current earnings rate, if you continue working until 66, you will receive $1,366 a month.” What happens if I don’t collect Social Security at age 62 and wait until full retirement age? Will I receive $1,366 a month minus the $213 offset reduction, minus the windfall elimination provision? (I…
Q. I am in CSRS offset, and I am eligible to retire now. I expect to be working past age 66, when I can collect full Social Security benefits. If I collect the benefits and continue to work, how will my retirement calculation change when I retire? Most, but not all, of the Social Security benefits were earned while I was under CSRS offset. Also, how would my retirement be affected if I collect the Social Security before age 66?
Q. I am a FERCCA case. I was inadvertently placed in FERS when hired by my agency after eight years in the legislative branch. I have elected CSRS offset coverage. I have 28 years, eight months of creditable service and am eligible to retire now. My annual salary and high-3 are not likely to change in the next few years. Are CSRS offset annuities helped by length of service? Would it benefit me to work two or three more years?
Q. I started my employment as a CC military spouse in Germany in 1981 (no military service myself), then resigned (as we were directed) just before we returned to the U.S. in late 1983. I got picked up into a fed position in September 1984, which set the dates for leave and retirement as 1982. I had been told I was FERS at that time, and I have been contributing and planning toward that, along with attending the FERS retirement classes. However, when I received an estimate for retirement last year, I was told that I was CSRS Offset, with…
Q. I am a carrier for the post office. I was hired as a career employee in 1998. I have been under FERS from the start. However, I also worked as a career employee for the post office between November 1978 and March 1984 under CSRS. I recently filled out Form 3108 to try and buy back those 5½ years toward my retirement. After such a long break in service, will I still remain under FERS, or will I be classified as a CSRS offset?
Q. I am in CSRS Offset and, this month, I have 26 years of federal service. I will turn 62 in June and am thinking about retiring this year. Once I retire, I will be eligible for Social Security. If I choose to wait until, for example, I turn 66, my understanding is, when I retire and start collecting my CSRS (offset) pension, the Social Security I would be entitled to (at 62) will be deducted from my pension. Is the offset/reduction figure set by a formula, or is it dollar for dollar? If I choose to take Social Security…
Q. I have been receiving Social Security Disability Insurance for a total disability since 2008. From 1981 to 1989, I was a CSRS offset employee in the USPS. When I tried to apply for my CSRS pension, I was informed by letter that I had to wait until I reached age 62, which is unlikely, or withdraw the small amount I contributed as a lump sum. Is it not possible to apply for and receive my CSRS pension when completely disabled? I have read CSRS Pamphlet No. 7 and searched the website Q&A, and I am very confused.
Q. I am retiring under CSRS offset. In 2007, I worked as a temporary employee for four months. During that time I paid FICA, but not the additional 0.8 percent toward my retirement. OPM states that I need to pay the full 7 percent to get full credit toward my retirement. Given that the CSRS offset contribution is 7 percent, divided by 6.2 percent toward FICA and 0.8 percent toward CSRS, wouldn’t paying an additional 7 percent be a double payment toward FICA? Shouldn’t I just be liable for the 0.8 percent deposit? If I must pay a full 7…