Q. I was an employee under CSRS for 15 years and nine months. I took a Voluntary Separation Incentive Payment and withdrew my retirement pay. I am recently rehired and will go under the CSRS Offset. How can I determine what the repayment would be with interest? A. There’s only one way to find out how much you owe. Download a copy of Standard Form 2803, Application to Make Deposit or Redeposit, fill it out and send it to the Office of Personnel Management, Retirement Services and Management Group, P.O. Box 45, Boyers, PA 16017-0045. When they’ve told you how…
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Q. I retired from the government Nov. 30, 2011, as a GS-13, age 56 with 30 years of service. I started a new job where my earnings will exceed my previous salary as a fed. I have been receiving partial annuity payments as expected, but the Office of Personnel Management just sent FERS supplement payments for Dec. 11 to March 12. Will I have to repay the supplement for January to March 2012, because my earnings in 2012 have already exceeded the $14,000 maximum additional income limit? The rules I have read talk about calculating the supplement based on earnings…
Q. What is the best way for me to find out exactly what amount of money I need to pay back my CSRS Offset account? I took out a refund a while back, then went back to work CSRS Offset again for a short while and got reinstated, but I need to pay back for annuity later when I retire. Can I do this by phone, online, local bank? A. You’ll need to complete Standard Form 2803 and send it to the Office of Personnel Management. When you find out the amount you owe, go to your payroll office and…
Q. I went into the Navy on April 20, 1976, got out March 19, 1980, and went to work for the Army Department as a full-time permanent employee. I worked from Feb. 2, 1981, to Jan. 29, 1988, under CSRS. I left to work in private industry and took a payout for my retirement at that time. I went back to work for the federal government on May 8, 1989, and worked for the Navy Department until Aug. 29, 1997, under the CSRS interim/offset plan. When the base closed, I transferred to the U.S. Postal Service on Aug. 30, 1997,…