Q. I’m under CSRS Offset, but I have 36 years of substantial earnings under Social Security. Will either pension be reduced?
Browsing: CSRS Offset
Q. I’m a CSRS Offset employee. Is it better to retire on the last day of the month, or on the 1st, 2nd or 3rd?
Q. I have been employed with the Postal Service since 1985 with three years of prior service in the D.C. government under CSRS. After 30 years of service, I received a notification informing me that the Postal Service was supposed to change my retirement plan to FERS in 1987 but did not. Now I have been forced to elect either CSRS Offset or FERS. I selected CSRS Offset, which added one year to my retirement date. If I retire at age 56, will my annuity still be the same, or do I have to work until 62 to receive full…
Q. Is every CSRS employee considered an offset? I retired in 2012, started in 1977, and now, at 62, applied for my Social Security. I was informed that the CSRS annuity reduced my very small Social Security check to $100. Now, will the Office of Personnel Management reduce my annuity by that 100? A. Pure CSRS retirees like you are subject to the windfall elimination provision. The WEP reduces the Social Security benefit of anyone who receives an annuity from a retirement system where he didn’t pay Social Security taxes and has fewer than 30 years of substantial earnings under…
Q. I was in CSRS for nine years (1965-1974) before having a 15-year break in service. When I returned to work for the government (1989), I was placed in CSRS Offset until my retirement in January 2013. I am receiving Social Security benefits, as well as my reduced CSRS Offset government pension. During one of my calls to Social Security regarding my benefits, I was told that I have paid into Social Security for 29 years and that, if I could get one more years earnings paid into Social Security, that the amount of the CSRS Offset reduction would not…
Q. My husband died as an active carrier with more than 30 years of service to the post office. I was told that when I reach age 60, the Social Security Administration will review my annuity, and it might change. He paid into Social Security because he was CSRS Offset. Why would I have to take Social Security, or would it be to my benefit to take Social Security at that time. I’m 57 and plan to be working past 60.
Q. I am a CSRS Offset employee who wishes to retire from a Defense Department agency in early 2014 and begin collecting my annuity. I also wish to be employed by different DoD agency part time (less than 1,000 hours per year) immediately after I retire. Will my retirement annuity be reduced to offset any portion of my new part-time income from the new DoD agency? If my retirement annuity is not reduced by any portion of my new part-time income, will any portion of my new part-time income be reduced by any portion of my retirement annuity? Is there…
Q. I worked in CSRS from 1972 to 1988 and returned in May 1990 as a CSRS Offset. I was a reservist on active duty from March 1991 to March 1992 during Desert Storm. I also have been drawing Social Security since May 2006. My husband passed away in September 2008, and I am receiving the survivor benefit. I want to retire this year, and I have no idea what I will receive. I think my total Social Security is about 27 or 28 years for paying.
Q. I am a CSRS Offset retiree. I attended more than one pre-retirement seminar and was given examples of my retirement situation, along with reassurances that my retirement would closely follow the examples and that I was very fortunate to be CSRS Offset, and would be very happy. I was told to check with Social Security to find out about my offset. Neither the Office of Personnel Management nor Social Security could know the exact amounts until I retired. Following my retirement, everything, except Social Security, was in disorder for six months. OPM explained that they had to check with…
Q. I am a CSRS Offset employee with 30 years of service at age 55. If a Voluntary Separation Incentive Pay is offered and I’m accepted, can I use that money to buy back time — first year of federal service and two years of term employment in middle of my career (FICA-covered only) — to use toward my pension? I understand the years only paid to FICA apply to my total number of years but not toward my pension benefit.