Browsing: CSRS

Social Security after marriage

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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.

FERS or CSRS

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Q. I’m under FERS, and my service computation date is Nov. 26, 1983. A co-worker in my organization has a SCD of Nov. 7, 1983, and is under CSRS. What is the SCD cutoff date for FERS vs. CSRS? A. As a rule, employees who were first hired before Dec. 31, 1983, are covered by CSRS. To review that requirement and other details which might affect your situation, go to www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c010.pdf. If you meet the qualifications to be covered by CSRS, you’ll need to go to your personnel office and ask them to help you process your claim under the…

High-3 computation

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Q. Between 2009 and 2012, I served two deployments in Afghanistan as a GS employee (CSRS). Can my salary during those deployments be used in the computation of my high-3? A. No. Only actual basic pay earned while a federal civilian employee can be used in that computation.

Credit for part-time hours

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Q. I am a CSRS employee with a period of “post-April 6, 1986” part-time service of about 10 years. During that time, I occasionally worked hours above my scheduled tour of duty. How do I get credit for that time in my retirement annuity? A. The extra hours you worked are already a matter of record and you’ll get credit for them in your annuity computation.

Disability retirement

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Q. I work for the Air Force, and I have 35 years of actual service under CSRS and I am 62. I have confirmed from OPM that I can apply for disability retirement within a year after retiring and start receiving annuity payments. I have had FEHB for only one year so the regular retirement will not allow me to keep FEHB (five-year rule). Can I apply for disability retirement before my regular retirement, or do I have to wait until after I retire to apply?

Social Security and pension reduction

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Q. In 2009, I took the postal clerk buyout and retired. I am under CSRS with 32 years with 2 years of military Service included. When military buyback was offered some 25 years ago, I passed. In 2009, the same buyback was almost $10,000 so I passed on that. I am working and will have 37 credits of eligibility toward Social Security at the end of this year. If I continue and become Social Security eligible, how much of my monthly pension will I lose? A. If you become eligible for a Social Security benefit, you won’t lose a penny…

Matching contributions

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Q. I’m a CSRS employee with more than 41 years of service and plan to continue my federal employment well beyond 41 years. I understand that CSRS employees contribute 7 percent of their salary into the retirement fund and that the government matches that 7 percent contribution into the fund. I’m told that, after completing 41 years, 11 months of service, I will reach the maximum annuity benefit of 80 percent. At that point, the 7 percent retirement contributions will continue to be taken from my pay and placed into an interest bearing account to be refunded when I retire.…

Creditable service

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Q. I received nine years creditable service for Annual Leave accrual for non-federal work experience when first hired for federal service. A friend of mine recently told me that the creditable service will also be factored into my CSRS retirement date. For example, if I plan on retiring after 30 years of service, I would only need to work an additional 21 years for the government. I cannot seem to find anything on the internet to support his claim. Can you tell me if my friend is correct? A: Your friend is mistaken. You wouldn’t receive any credit for that…

CSRS and Social Security

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Q. I work for the federal government and have 31 years in CSRS. I was born in 1959. I am eligible to retire in August 2014 and will be 55. I also worked in the private sector before becoming a federal employee. I am four credits short of receiving Social Security. If I earn four more credits after I retire, how much will I receive and how much will my CSRS retirement be decreased? If I could receive Social Security, would it be better to keep working under CSRS/ Social Security? Which would be greater? Should I just work longer…

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