Q: What is the status of the legislation regarding doing away with the significant penalty the federal government retirees incur when becoming eligible to draw, if any, Social Security benefits? A: I assume that you are asking about the windfall elimination provision, which reduces the Social Security benefit of anyone receiving an annuity — in whole or part — from a retirement system where he didn’t pay Social Security taxes and has fewer than 30 years of substantial earnings covered by Social Security. The short answer is that bills to modify or repeal that provision have stalled in both houses…
Browsing: legislation
Q: This regards the recently enacted legislation that allows retirees to return to work on a part-time, limited basis. I noticed in a recent inquiry regarding annual leave, the following statement was made: “When you retire, unused annual leave is projected forward as if you were still on the agency’s rolls. If you were to return to work for the government after retiring, you would have to refund the money for any days that have not gone by.” My agency is considering hiring me back for two weeks after I retire to clean up some leftover work, but as a…