Q: I have 14 years 10 months of federal service under CSRS that ended in May 1993. I am returning to federal service later this year. Can I be reinstated under CSRS? Also, my “high three” likely will be based on my earnings from the new employment as it is at a higher level than when I left in 1993. How do I calculate my retirement? A: When you return to work for the government, you’ll be placed in CSRS Offset (CSRS and Social Security) with the option of transferring to FERS. Your annuity will be calculated under the rules…
Browsing: re-employment
Q: Section 4 of Public law 109-313 allows some rehired annuitants in acquisition-related positions to be rehired at full salary with no offset to their annuity. The law includes a sunset provision that this authority will end on Dec. 31, 2011. Has it been extended? Is it expected to be extended? How can I keep track of its status? A: No, this provision hasn’t been extended, and we haven’t heard that any effort is being made to do so. To keep track of any proposed legislation, you have to rely on a variety of sources: the media, your congressional relations…
Q: How soon can I return to federal service after taking a $25,000 buyout? I am a federal employee, GS-14. A: Five years. If you return before that, you’ll have to repay the amount you received plus accrued interest.
Q: I have been a full-time Federal employee for 37-plus years under the Civil Service Retirement System. I am considering retiring by year’s end and working on a part-time basis (64 hours per pay period) for the next six to eight months. Will this affect my monthly retirement annuity calculation? A: Yes, it will. However, the shorter the period of part-time service is, the less its impact. You’ll find the formula used to compute an annuity with part-time service on the Office of Personnel Management website here (scroll down to Section 55B2.1-1). Although this section refers to Federal Employees Retirement…
Q: I am a firefighter/law enforcement retiree under the Civil Service Retirement System. I have been retired for seven years and am interested in returning to work. A local federal agency is interested in having me work for them in a seasonal position as a GS-4. I would work from approximately May to October and would receive no benefits, as these types of positions/employees are not eligible for health insurance or retirement benefits. I would be paying into Social Security, which I am currently not collecting. The agency cannot seem to get a clear answer as to if it would…
Q. I took the Postal Service’s Voluntary Early Retirement Authority in July 2009. I am under FERS and had 25 years of service in the post office when I took the VERA. OPM has let us know that in May, I will be getting my annuity supplement based on the VERA. I decided to go back to work full time after a year and a half off work. I will be making about one-third of what I was paid in the post office. How much am I allowed to make before my supplement is reduced or taken away? Since I am starting midyear, are the…
Q. I was involuntarily retired in October 2010 due to BRAC. I had reached age and time requirements to take a full annuity. I was, however on the Priority Placement List and have received a tentative job offer. My question is what happens to my annuity when I re-enter federal service? A. If you are re-employed, your annuity will stop and you’ll be treated as regular employee, with the right to retire again on a date of your chosing.
Q: I am a Department of the Army Civilian (DAC). I will be retiring in three weeks. I will have 33.5 years and am retiring under the CSRS program. I am 56 years old. How/where do I find the procedures to apply for employment as a rehired annuitant with the Defense Department? A: There aren’t any special procedures for hiring retirees. If you are interested in a job with the Department of Defense, you might try the following site: www.militaryconnection.com/DoD.html.
Q: In 2008, I retired involuntarily at 60, with 20 years under FERS, because of funding cuts. In 2009, I was re-hired in a permanent GS position by another department. The salary of my position is offset by the amount of my annuity and retirement contributions are being deducted from my salary. I am planning to retire after completing at least five, or six+ years, in 20015-16. How will my redetermined annuity be affected, under following conditions: (1) do I qualify for 1.1 percent per year rate, instead of 1 percent, as I have now; (2) my earlier high-3 was…
Q: How is the amount of repayment determined when you change grades as a rehired annuitant? I retired on March 31, 2010, from IRS-CI, FERs law enforcement. I received a lump-sum payment based on a GS 14-10. I was picked up as a rehired annuitant with DHS as a special agent GS 13-10, criminal investigator. I had to repay back my annual leave. They are telling me that I have to pay back the unused portion at the rate I received it (GS14 level). When you do the calculation I pay back more than $2,200 that I will never get…