Browsing: income cap

Q. I am on workers’ compensation, and I am interested in starting my disability retirement benefits. I talked with a lady at the Office of Personnel Management, and she informed me that I could go back to work someday and still collect disability retirement benefits, but my gross salary could not be more than 80 percent of my Postal Service salary. If I were to sell a house and make a profit, is that considered gross salary, like a job would be? A. No, it isn’t. The 80 percent limit applies only to earnings from wages and self-employment, not other…

Q. My mother has a small monthly annuity from OPM based on civil service with the Veterans Administration.  This annuity income pushes her over the total income cap for other unrelated health benefits.  Is it possible to suspend (but not forfeit) her OPM annuity.  The goal would be to give her the option of restarting the annuity if she determined that she wanted the annuity income at some future date? A. No. She could forgo her annuity entirely, but she wouldn’t be able to restart it.