Q: I retired on an immediate annuity. Can I return to my job and pay back my five months of received annuity and go back into the CSRS retirement system? A: You could only go back to the position you held if it was open and your former employer wanted to hire you. Because you cannot undo your retirement, if you were hired, it would be as a re-employed annuitant. As such, you would be placed under CSRS, with the option to elect coverage under FERS. In most cases, the salary of your position would be offset by the amount…
Browsing: CSRS
Q: We have an employee who retired April 3, 2001, and was rehired as a reemployed annuitant, Oct. 7, 2002. The employee was coded with the retirement Plan of (1) CSRS and Annuitant Indicator of (1) Reempl Ann-CS. Is this correct, or should he have been coded as CSRS Offset? A: If he was a CSRS employee when he retired, he would be a CSRS reemployed annuitiant. If he was CSRS Offset, he’d be CSRS Offset. In either case, he would have the option of electing to be covered by FERS.
Q: I am 64. I spent two years in the military from 1975-77. I became employed by the Veterans Administration in 1981 and left in 1991 with about 10 years of creditable service under the Civil Service Retirement System. It is my understanding that at age 62 I could have applied for a deferred annuity, but did not do so. I am employed and anticipate stopping work in three years (age 67-68). Is there any advantage to delaying the initiation of my annuity (as is the case for Social Security)? Will this increase my monthly annuity and any possible spousal…
Q: I am a CSRS employee with 32 years of service and have held a full-time billet my entire career. After the birth of my second child, for six months I worked 20 hours a week and took LWOP on my timecard. This was an approved action by my supervisor and everything was in writing. My question, could this affect my retirement calculations? I was not officially part time, but when using the FedCalc there is a section to enter part-time hours and when I do, my final reports are definitely different. A: The combination of reduced hours and leave…
Q: I am a civil service employee and pay into a retirement plan under CSRS. Can I deduct that money from my federal taxes? A: No.
Q: I retired from the federal government on 12/31/2010 (at age 74) under the CSRS annuity plan. For many years, I also received Social Security benefits. I know there is an “offset” provision and my SS benefit will be reduced substantially. My question is: Will OPM notify SSA of my retirement automatically? Or do I have to tell SSA of my retirement? A: You don’t have to do anything. OPM and the Social Security Administration routinely do computer matches to identify retirees whose work histories require that their Social Security benefits be reduced.
Q: I have 31 years of credible federal service and am 51 years of age. I would like to take an early retirement. I have been told I can take a “deferred retirement” until 2010 (56 years of age) without penalty. However, I cannot locate any formal OPM documents that clearly state this is accurate. Your thoughts would be greatly appreciated. A: The information you are looking for will be found at www.opm.gov/retire/pubs/handbook/C045.pdf. Assuming that you are covered by FERS, you would be able to receive a deferred retirement at your minimum retirement age. If you are covered by CSRS, you wouldn’t be eligible…
Q: I am currently receiving military retirement pay for service with the U.S. Navy from 1960 to 1980. I began drawing my full Social Security pay at 65 years and 10 months. I began working under CSRS in 1980 and am planning on retiring in 2013 or 2014. My question: Since all of my time for my Social Security was from my military service and not CSRS service, will I be under either the GPO or WEP provisions when I do retire from CSRS? Can I receive all three of my retirements without any penalties of GPO or WEP? A:…
Q: I was hired and worked for the DoD for about 30 years. I’m currently collecting retirement under the CSRS system, however I have slightly more than 40 quarters paying into Social Security. I worked prior to my stint in the government. I keep receiving notices I’m about to receive $691 in my annual SS letters. I know very well I will not receive much money from them but I wonder if the Windfall Elimination Provision applies or the Government Pension Offset applies to my situation. I think I might receive some money. I was born in February, 1946. A: You…
Q: I worked for the government from 1966-1972 (six years) and withdrew my CSRS retirement at that time. From 1972 to 1988 I worked in private industry and paid Social Security. I returned to civil service in 1990 and was automatically enrolled into CSRS Offset. I retired June 30, 2010 with 26 years of credited government service and applied for my federal pension and Social Security. When the Social Security Administration calculates my offset, is my service outside government taken into consideration? The papers I received showed only 20 years of government service for their calculations, so I’m assuming that…