Browsing: CSRS

Q. I am recieving CSRS disability retirement and will turn 62 soon. Will my annuity be recomputed at age 62? How will it be computed if it does? A. No. CSRS disability benefits continue until you die. Only FERS disability benefits are converted to regular annuities at age 62.

Q. If a  CSRS employee has 42 years of service and has over 2087 hours in sick leave, is an additional 2 percent added to the retirement benefits? Or does the employee receive the cash value of the sick leave since the employee maxed out at 42 years?

Q. My dad, who paid Social Security all his life, died at age 70 and my mom subsequently retired from the postal service and has a CSRS pension. Shouldn’t my mom be able to get spousal benefits from Social Security?

Q. I realize the answer to my question depends on the tax rate of the individual, but assuming their income is exclusively from their pension, how many years would a CSRS retiree need to work (excluding the effect of sick leave) in order to bring home approximately the same pay after retirement? In other words, what deductions will cease at retirement? Medicare? CSRS payments? The other variable is how much they are having deducted for the TSP every year. If it’s 10 percent, and that ceases at retirement, then I can see a person taking home 100 percent at about…

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.

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.

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…

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…

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…

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