Q. I am receiving Social Security reduced by the windfall elimination provision. I am collecting Canada Pension Plan for 10 years of employment with no Social Security for that time. I am continuing to work at age 70 and plan to continue doing so. At the end of this year, I will have 30 years of substantial Social Security earnings. Will they then do a recalculation and give me back the windfall amount, or am I stuck with the deduction forever? A. No, they won’t. What you got is what you get.
Browsing: annuity recalculation
Q. After 30 years of federal service, I retired in 2002. I was re-employed by the Department of Health and Human Services in April 2010, full-time permanent under the same CSRS plan from which I originally retired. At that time, my salary was offset by the amount of my annuity. How long will I need to work without a break in federal service to qualify for a recalculation of my original CSRS annuity? I contribute to CSRS retirement, and I participate in the Thrift Savings Program. I expect to work for six additional years, when I will have reached my 71st…
Q. Does time spent on workers’ compensation count as creditable service when a FERS disability is recalculated at age 62 when one never returns to work? A. No, it isn’t.
Q. I retired (not by choice) with 31 years under CSRS as a discontinued service retiree from Aug. 2, 2011, through Dec. 17, 2011. I was placed on priority placement program since I declined my transfer of work to Fort Lee, Va., and subsequently was rehired into the federal workforce Dec. 19, 2011, as a GS-09 (I was a GS-11 at retirement). Therefore, I am losing about $500 per month. I am beginning to think I would have been better off staying a DSR. How does my CSRS annuity work now? I want to know how long it will be…
Q. If you retire on disability under the Federal Employees Retirement System, do you continue to get 40 percent of your high three after age 62, or is it recalculated and then you get your regular FERS? I have conflicting information. A. FERS disability annuities are recalculated and converted to regular annuities. Civil Service Retirement System annuities, which are calculated using the standard CSRS formula, aren’t. The 40 percent figure is the minimum amount that a CSRS disability retiree would receive.
Q: I voluntarily retired after 37 1/2 years with the Internal Revenue Service on Jan. 3, 2007, under the Civil Service Retirement System. From July 2007 to Dec. 6, 2009, I served as a contractor to the Health and Human Services Department. I was then hired as a full-time employee. Human resources made a mistake and did not offset my annuity until March 2010. As a result, this left me with only $38 in net pay and a debt of $15K because my salary was not offset. HHS wants me to continue to provide my services so they offered to…