Q. I am CSRS Offset. I’ve been paying into Social Security for many years and I plan on retiring before I’m 62 years old. Once I retire, will I stop paying into Social Security? Also, will I be eligible for the special retirement supplement before I’m eligible to collect when I’m 62 years old?
Browsing: CSRS Offset
Q. I left government service in October 1984 and drew out my $11,500 retirement contribution. I returned to government service in October 1987 but have not repaid the refund. 1. If my annuity is reduced permanently due to lack of refund repayment and I die, will my wife’s survivorship election be affected by the annuity reduction continuing until her death? 2. The variable interest rate applied to an early CSRS refund is decided by whom, decided when, and posted when and where? I would like to be able to find it as soon as it is decided and posted in…
Q. I am CSRS Offset. It is my understanding that when I apply for Social Security, a portion of my CSRS Offset retirement will be SS. My question involves my husband’s collection of his SS. When he passes, will I be eligible for his SS? I know his is more and we are making retirement plans for him.
Q. How does time spent on workers’ compensation for full and partial disability count toward CSRS retirement? I was injured after 13 years of civil service, was fully disabled two years, partially disabled (25 percent) for 10 years, and returned to work from 2003 to the present. To calculate CSRS Offset retirement, do the two years on full disability count as two years creditable service? Do the 10 years on 25 percent partial disability count as 10 years or 2½ years creditable service?
Q. I retired in March 2012. I got a Voluntary Separation Incentive Payment paid to me after I retired. I started my Social Security at that time. I have recently gotten several confusing letters from the Social Security Administration saying I owe them different sums of money for overpayment due to having too much income. They are including my buyout gross payment as regular income. Is there some official source you can give me to pass onto them that my $25,000 should not be considered in my earnings putting me over the limit for receiving benefits following my retirement. I…
Whoopee! You just got a 1 percent pay raise, the first increase in several years. It may not sound like much, but in the long run it will pay off. That’s because once you meet the age and service requirement to retire, it’s your length of service and high-3 that will determine what your annuity will be. Your high-3 is an average of your highest rates of basic pay over any three consecutive years of creditable civilian service, with each pay rate weighted by the length of time it was received. That three-year period starts and ends on the dates…
Q. I started working for the Postal Service in 1983. I also worked before that for the Navy and other places and have received a Social Security Administration statement saying I will be eligible for Social Security benefits at age 66. Is there a percentage that is deducted from either my Postal Service retirement or Social Security benefits? What is CSRS Offset? Am I in that, or would I know if I were?
Q. I am under CSRS Offset. I retired in 2009 at age 57 with 30 years of service, went back to work as a contractor and am still working. I have paid into Social Security for approximately 40 years. Will there be an offset in my retirement when I turn 62?
Q. I worked 10 years under Social Security (40 quarters) prior to entering federal service under CSRS in 1979. I retired last year at age 65 and intend to apply this year for Social Security when I turn 66. Will the Social Security retirement payment not be reduced by the CSRS Offset because the Social Security contributions were made before the federal service employment with no overlap?
Q. I retired at 61 and was unaware that the CSRS offset was supposed to be automatic at 62. I was definitely eligible for Social Security at 62, but no offset was taken by the Office of Personnel Management. Now as I am looking at enrolling in Social Security retirement at my current age of 65+, advice in many forums state offset starts at 62 no matter what. Any thoughts on why it wasn’t taken? OPM error?