Browsing: CSRS

Survivor benefit

0

Q. I am a federal employee who will retire under CSRS. I also get Social Security. My wife will also will retire soon under CSRS. If I die, can she get my Social Security benefits? A. Her Social Security survivor benefit would be subject to the government pension offset provision of law, which will reduce it by $2 for every $3 she receives in her CSRS annuity. In most cases, the GPO wipes out that benefit.

Social Security disability

0

Q. I am receiving a CSRS pension since 2005 obtained under a VERA/VSIP authority. I have recently become disabled and I am considering SSDI. I have enough quarters but not 30 years. Will this affect my CSRS pension? I am 58 years old. A. I you were approved for SSDI, it would have no affect on your CSRS annuity.

Buyback age limit

0

Q. I am 65 and still working but at this time, I have not or did not buy back my military time, is there an age limit where I do not have to buy it back, or yes, if I want the extra money, I will have to buy it back? A. There isn’t an age limit on when you may make a deposit to get credit for your active-duty service. The only requirement is that you make that deposit before you retire. Note: If you are a CSRS employee who doesn’t make a deposit, you’ll still get credit for…

Excess contributions

0

Q. I began my civilian federal employment in May of 1974. I am a Vietnam era veteran with three years military time and paid back that time. My service comp date for retirement is May 1971. I am going to retire at the end of this year. Based on the above, will all CSRS contributions I paid after reaching 41 years, 11 months, qualify for refunding to me? A. If you have 41 years and 11 months of service from which retirement deductions were taken (or a deposit made), any excess deductions will be refunded to you with an option…

Re-employed annuitant benefits

0

Q. I retired in January as a CSRS annuitant after 32 years of service with the Navy and Marine Corps. I am considering returning to the Navy as a re-employed annuitant. In accordance with DoD policy, I understand that I will be able to draw my full salary and my full annuity without a waiver from OPM. I believe Social Security taxes will be withheld, and I cannot make CSRS contributions if I draw both a pension and full salary. Will I be able to contribute to TSP? Will I accrue annual leave and sick leave? If so, how many…

CSRS pension

0

Q. I am a postal employee in the CSRS pension plan. I’m 64 with 33 years service. If I die before I retire, will my wife get the 55 percent of what my pension would be as if I was retired? Would she be eligible for the survivor benefit as if I would have been retired?

Waiting for Social Security

0

Q. I am 60 and retired three years ago under CSRS with the post office. Will my annuity be reduced if I do not claim Social Security benefits at 62? I want to wait until I am 65 to claim Social Security. I worked nine years under Social Security when I was younger. A. Because you retired under CSRS – not CSRS Offset – your CSRS annuity will never be reduced. If you are eligible for a Social Security benefit, the fact that you retired from a retirement system where you didn’t pay Social Security taxes means that your Social…

Prior LEO service

0

Q. I worked for 10 years and five months under CSRS prior to moving to a law-enforcement covered position. How will the first 10 years be calculated with the 21 years as a LEO? A. All time beyond 20 years of covered service will be computed using the standard formula, not the enhanced one for LEOs.

Social Security after marriage

0

Q. I am 64 and I am unmarried with a CSRS retirement with no survivor benefits designated. My 62-year-old future wife will begin receiving her Social Security benefits in September. I am not qualified to receive any Social Security benefits although I have paid in for 36 quarters. Will her Social Security benefits be affected by my income after we marry? A. No, they won’t.

1 2 3 117