Q. I receive CSRS OFFSET reduced benefits after working 29 years with the federal government. I am also covered with 30+ years substantial earnings for Social Security benefits. I turned 65 in May. When I turned 62, I started to have my CSRS payments reduced by the amount of SSA benefits I was entitled to if I was receiving them. I am still working full time and plan to continue for the next few years. Will this offset stop at any age, or will my CSRS payments always be offset by my SSA benefits? A. The offset to your CSRS…
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Q. I am a federal employee hired in June 1981 and I have been working for government continuously since then. I am enrolled in CSRS. I served in the Navy from September 1973 to September 1977. What affect will CSRS Offset have on my retirement? I have 34 quarters of Social Security contributions, 16 while in the Navy and 18 before I started my civil service career. I do not plan on ever collecting Social Security. I do not want to go back to work once I retire just to get a minimum benefit from Social Security. A. If you…
Q. I plan to retire under CSRS offset well before I turn 62. I know at 62 my retirement will be recalculated and my annuity check will be split between OPM and the Social Security Administration. When I turn 62 and start receiving my retirement pay from both OPM and the SSA, am I bound by the earning limits set by Social Security (currently $15,480.00 annually)? A. Yes, you are bound by the Social Security earnings limit. That limit applies to anyone who is under full Social Security retirement age and has earnings from wages or self employment that exceed…
Q. My wife is under CSRS with 31 years of service, but we are concerned that she may be moved into CSRS Offset upon retirement. What is the minimum retirement age for someone in this position? A. CSRS Offset applies only to employees who had a break in service that exceeded a year and ended after 1983, and had five years of service as of Jan. 1, 1987. If that doesn’t describe your wife’s situation, then she is a pure CSRS employee. Like any CSRS or CSRS Offset employee, she can retire at age 55 with 30 years of service.
Q. I retired at 60 under the CSRS Offset program 18 months ago which, I think, I understand fairly well. Still: At 62 (this summer), I understand my CSRS amount will be reduced by my Social Security benefits amount. I want to confirm that the total I will receive will be substantially the same. But also, will my bank then begin receiving two deposits? Or does OPM somehow intervene so that there is but one monthly payment? Also, while I worked under the CSRS Offset program for 25 or so years (six under pure CSRS), what about the Social Security…
Q. I’m an air traffic controller hired in 1985 under CSRS offset as a flight service controller and later converted to FERS with no explanation. I’m coming up on age 56, does the CSRS exemption for flight service specialists appointed prior to Jan. 1, 1987 apply? If not, which law explains the differences between CSRS and CSRS offset? A. You were actually hired as CSRS Interim employee (CSRS and Social Security). Because you had fewer than five years of CSRS coverage on Jan. 1, 1987, you were automatically converted to FERS. Therefore, the exemption you referred to doesn’t apply.
Q. I’m looking to retire after 38 years of federal service, including 4+ military & 4+ postal. I left the post office and returned to federal service a year later in 1985. I was included as a CSRS Offset, paid my military deposit and have paid into Social Security for over 39 yrs. When I retire, will my CSRS retirement be affected by a reduction when I apply and receive Social Security, or will my Social Security be reduced? The way I read most articles, is that I will receive my federal pension and Social Security without a reduction. Am…
Q. I worked for the post office from 1980 to 1990 and then quit to attend grad school. Although I’ve since become successful, immediately after grad school I needed money and so withdrew it from my CSRS account. Will I be eligible to go back on CSRS if I return to federal service?
Q. I had 10 years of employment covered under CSRS, then resigned. I came back in 2007 under FERS. I also have two years, five months and 21 days military service. Would it be to my benefit to change to CSRS offset. I plan on retiring May 2015 when I will be 62 with 20 years of service. A. You can’t change your coverage now. You are a FERS employee who will have a CSRS component in his annuity. If your active-duty service was performed before you first became a federal employee (or while you were covered by CSRS), you…
Q. I am a CSRS offset, full-time, Term (NTE April 2015) federal employee. I am also a formal federal employee (all permanent positions) with breaks in service. My service comp date is 1983 and I am 60 years old. Can I apply for retirement now as a Term employee? I have paid into CSRS in my previous and current position.