Browsing: re-employed annuitant

Re-employed annuitant and recalculated CSRS pension

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Q. I retired from CSRS with 36 years’ service. I have since become a re-employed annuitant and will hit the five-year mark soon. Because of the nature of the position, I did not have to give up my retired pay. When I retire, will I be eligible for a recalculated CSRS pension assuming I elected to make a deposit for the five years as a re-employed annuitant?

Rehired annuitant and supplementing retirement

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Q. I retired from the Department of Defense in 2007 under CSRS. I began employment in 2008 as a re-employed annuitant with another government agency. Since I make no retirement contributions as an annuitant, will I be able to buy this time to supplement my retirement? A. Yes, you can make a deposit to get credit for that time. If you have between one and five years of additional service, you’ll receive a supplemental annuity. If you have at least five years of service, you’ll receive a supplemental annuity. Note: If you were hired into a position where you received…

Re-employed federal retiree wants to cancel retirement

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Q. I took a voluntary early retirement (at age 52 with 20 years of service) about five years ago and have since been re-employed with federal civil service full time. My salary is reduced by my retirement annuity, and I understand I need to work five more years to receive a recomputed retirement. Can I cancel my existing federal retirement and just receive my full salary? This may give me the more secure status of being a regular employee rather than a re-employed annuitant. A re-employed annuitant appears to be more vulnerable to reductions in force. Also, my next five…

Retirement and reinstatement

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Q. I am 64 and plan on retiring out of civil service so that I can move back home. Even though I am not ready to retire, can I leave in my FERS annuity so, if and when I can find another position with another government agency and get reinstated, I can continue with my retirement fund? I plan on working part time, since I have over 40 credits in Social Security to help out. A. If you simply resigned, left your contributions in the retirement fund, and found another job at a later date, you could be reinstated. However,…

Re-employed annuitant pay

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Q. I retired from DCAA in November 1998 as a GM13, Step 8, in northern New Jersey after 36 years of federal service as a supervisory contract auditor under CSRS. I have been thinking of returning to DCAA to work. I now live in Summerville, S.C., 20 miles from Charleston. If I took a position with DCAA in Charleston at the working grade of a GS12, how would my starting salary be calculated? Would it be what I was making in 1998 as a GM13, Step 8, increased to the 2012 level of $100,914 (adjusted for the locality pay of…

Unemployment while receiving annuity

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Q. I am a re-employed annuitant at a defense agency. I have been receiving both my full annuity and salary. I have been in this position for the past eight years. I was recently told that I would be released due to an applicant from the Priority Placement List. Can I collect unemployment? I am employed in Philadelphia and reside in New Jersey. A. Highly unlikely. As a rule, no one receiving an annuity can collect unemployment compensation. However, the final decision rests with the employment office of your state. Check there.

Social Security and CSRS

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Q. I was employed by the Navy as a contracting officer. After 41 years with the government, I officially retired and was drawing a monthly annuity check from OPM from my CSRS retirement plan. My former Navy employer offered me a contracting position, and I returned to the Navy as a Department of Defense re-employed annuitant, which means I still collected my CSRS annuity check monthly and was paid by the Navy. As a re-employed annuitant, I was told I had to pay into FICA (Social Security) and was not allowed to pay into CSRS because I had officially retired.…