Q. Is the special retirement supplement treated as ordinary income or in the same manner and under the same rules as Social Security benefits? A. Ordinary income, because it’s paid out of the Civil Service Retirement and Disability Fund.
Browsing: Civil Service Retirement and Disability fund
Q: I retired from the Army in August 2008, after 28 years of service. I currently receive my retirement pay and VA Compensation. If I get hired for a government job, how will my current benefits be affected? A: Being hired as a civilian employee of the federal government won’t have any effect on your military retired pay or Veterans Affairs compensation. However, if you want to get credit for that period of active duty service in determining your eligibility to retire from a civilian job and in your annuity computation, you’d need to make a deposit to the Civil…
Q: I will be leavening the Marine Corps after 13 years of service. I will be getting another government job at the U.S. Postal Service. Will my 13 years count toward my retirement? Will I only have to work for another eight years? Or will I start over and have to work for 20 more years? A: Your 13 years of active duty service will only count if you make a deposit to the Civil Service Retirement and Disability fund. The deposit will equal a small percentage of your basic pay while on active duty. Your civilian personnel office can…