Browsing: rehired annuitant

Rehired annuitant looking to add to retirement

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Q. I retired as a CSRS employee Nov. 30, 2006, and am a rehired annuitant. I have been working in my current position with the Air Force for the last 22 months, receiving both my annuity and the full salary of my new position. I want to find another way to add to my retirement before this overseas job ends. What additional retirement program options do I have? I was told by Air Force personnel management that I do not qualify for supplementing/contributing to my CSRS annuity. TSP also is closed for me to invest in since I started to…

FICA withholdings for re-employed CSRS annuitants

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Q. I am a retired pure CSRS employee working part time as a rehired annuitant with no annuity offset. I am coming to the end of my third year. When I first began working, HR was not taking out FICA. Two years ago, HR said it had been told at some payroll class that it should be taking out FICA, so it started doing so. About 12 months later, HR sent a demand letter for the FICA it had failed to collect in the beginning. I filled an appeal immediately and have heard nothing. Three of us here are in…

Rehired annuitant’s retirement

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Q. I’m a rehired annuitant paying into CSRS. The first time I retired, I had 44 years of service and received a refund of the overpayment I had paid into CSRS. I have been re-employed for the last 10 years and have paid into the CSRS again. Upon my next retirement, will I get a refund of the money I have paid into the system or just a recalculation of my pension? A. What would happen is controlled by the 80 percent limit on the amount of annuity you can receive based on your highest three consecutive years of basic…

CSRS or offset upon rehire?

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Q. I am a returning civil service employee, first hired in August 1982 under CSRS. I was employed for 16+ years, then left for 13 years of military service. I am getting rehired in a federal position. Will I be reinstated under full CSRS or CSRS Offset? I did not take a refund, I am collecting a military retirement, and paid Social Security since 1975. I intend to work for five years. Will I be subject to the windfall elimination provision? A. You will be placed in CSRS Offset because you had a break in service that exceeded one year.…

Rehire and annuity computation

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Q. I retired from federal service after 26 years. I became a rehired annuitant with a waiver for several years and could not participate in any retirement service. I am now returning to federal service without a waiver and without a break in service knowing my income will be reduced by my retirement annuity. Will I return to CSRS or FERS retirement system in this new capacity? If I stay for more than one year, will my final retirement annuity be refigured? A. You will be placed in CSRS, the retirement system from which you retired, with the option of…

Rehires and unused leave

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Q. I am a re-employed CSRS annuitant who is receiving both his full annuity and full salary. I receive and accrue annual leave and sick leave. When I retire again, for the second time, I will have accrued and unused annual leave and accrued and unused sick leave. At my retirement, will I be reimbursed for both the accrued and unused annual leave and the accrued and unused sick leave? A. You will receive a lump-sum payment for your unused annual leave. You won’t receive any payment for your unused sick leave because it has no cash value.

Recrediting unused sick leave

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Q. I am a FERS employee who separated in January 2001 with a sick leave balance. I returned to federal employment as a presidential appointee. When I retire, will I receive credit for the sick leave balance I had when I separated in 2001? A. Yes, the unused sick leave balance will be recredited to you.

Performance evals and rehired annuitants

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Q. Do supervisors have to issue performance appraisals on rehired annuitants since they work at the behest of the employer? We have been requested to do that, and I do not see the value. A. Yes, you do have to issue performance appraisals. Rehired annuitants are covered under an agency’s performance management system. Also, there’s a second reason for doing them. If your agency asks you to do them and you don’t, your own performance appraisal could be adversely affected.

FERS supplement for rehired annuitant

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Q. I will retire under FERS and will be rehired by an agency as a rehired annuitant. Will I still receive my full supplement? A. If your earning from wages or self-employment exceed the annual Social Security earnings limit, your special retirement supplement will be reduced or eliminated. In 2012, the earnings limit is $14,640. If you exceed that limit, $1 in benefits will be deducted for every $2 in earnings.

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