Q. When I retire from my GS position, I plan to take a part-time position at a lower pay scale. Would I start out in the Step 1 position, or would it be at a higher step? A. Because there is no requirement that you be hired above Step 1, it’s up to the agency that is hiring you to determine if there is any basis for placing you at a higher step. FYI, unless you are being hired into a position that allows you to receive both your full annuity and the full salary of your new position, your…
Browsing: Offset
Q. I am really confused by the Social Security offset. I retired from active duty in the Army after 22 years. Soon after retiring in 1998, I took a job as a letter carrier with the Postal Service. I am covered under FERS. I want to retire from the Postal Service in 2014. I will be 60 years old and have 15 years with the USPS. Will my Social Security be reduced when I am eligible at age 62? If so, by how much? A. Because you are a FERS employee, you won’t be subject to any offset. You’ll be…
Q. I am biological research technician retiring from the Veterans Affairs Department on May 31. My boss wants to stay involved with the laboratory training new students in molecular biology. He wants to rehire me two days per week after I retire. Is this possible without affecting my annuity? A. Unless you can be appointed under either an exceptional needs authority or on a limited time appointment, the salary of your new position would be offset by the amount of your annuity. Your boss can only propose that; only your agency can decide if that’s appropriate.
Q. I started my career in the federal government in April 1980. I am 57 years old. I have over 32 years of service and am eligible to retire. Prior to beginning my career as a public servant, I worked a number of jobs and had already earned my 40 quarters for Social Security. Am I subject to the CSRS Social Security Offset? A. Since you are a CSRS and not a CSRS Offset employee, your annuity will not be affected at age 62 by any Social Security benefit to which you may be entitled. However, because you will be…
Q. Is there an offset to a FERS Voluntary 6c Retirement individual who subsequently receives a Schedule Award for an on-the-job injury? If so can you kindly explain how the offset would work in this situation? I do understand that there would be offsets to a person who retired with a FERS disability pension. A. No, there isn’t.
Q. My substantial Social Security earning has been due to serving 38 years as a senior military reservist. I will have 34 years under CSRS in January 2013. However, 25 years were under CSRS before a three-year break in service. I came back as an offset employee in 2006. How will my Social Security be calculated in comparison to my retirement check? Will I still receive my full CSRS retirement check based on my high-3 and the full Social Security check since I meet the substantial rule with the years? How will this all play out? I will be 63 this month.…
Q. A CSRS annuitant friend of mine would like to apply for a temporary summer position that will be open in our agency for which he is fully qualified. Would she be eligible without losing part of his annuity? I believe the position will be Social Security taxed only, not a FERS job. A. As a rule, returning to work for the government will result in the employee’s salary being offset by the amount of his annuity. The only way to find out if there might be an exception in this case would be for him to talk with an agency benefits…
Q. I am retired under CSRS. If I were to accept a temporary or term position (i.e. NTE one year), would my salary be offset by my retirement or would I be able to collect both? A. Unless you were hired into one of those rare positions that allowed you to receive your annuity and the salary of your new job, your salary would be offset by the amount of your annuity.
Q. My first 25 years of federal service are covered under CSRS. I left for five years and was rehired under CSRS Offset. Do I receive two different checks covering my 25 years in CSRS and my 13 years in CSRS Offset? Are my 25 years in CSRS affected in any way by the CSRS Offset time? A. You will receive one retirement check that reflects all your years of CSRS-covered service (CSRS and CSRS Offset). If you retire before age 62, your CSRS annuity will be offset at age 62 by the amount of Social Security benefit you earned while covered by CSRS…
Q. I have about 25 years of FERS service, am in a 6c covered law enforcement job and am looking to move into another federal agency in a non-law-enforcement capacity but at slightly higher pay. Because the recently enacted Law Enforcement Officers Safety Act stipulates that only law enforcement officers who “retired” from a job with law enforcement arrest and weapons carriage authority at the time of retirement qualify, I am considering the possibility of retiring on a Saturday (at the end of a pay period) and then “rehiring” in my FERS non- law-enforcement job the next day (Sunday), since…