Q: I am a federal employee and I am also receiving Social Security benefits. I understand that when I retire and start receiving my civil service annuity, my monthly Social Security benefits will be recalculated because of the windfall elimination provision. At the time I started receiving Social Security, my number of years of substantial earnings for WEP purposes was 23. Because I am a Federal Employees Retirement System transferee, my current salary is subject to FICA. Will the years subsequent to the initial receipt of Social Security will be added to my 23 years? In other words, if I…
Browsing: Social Security Credits
Q: I am 54 years old and just recently returned to the federal government. I have been placed in CSRS Offset and my time is running out to determine if I want to go to the Federal Employees Retirement System. I previously worked for the federal government for 10 years between 1982 and 1992, under the Civil Service Retirement System and have 22 years of substantial earnings in the private sector. Which retirement system would be the best choice based on my background? Also, do CSRS Offset employees earn Social Security substantial earning credits on their years, while employed with…
Q: I am a Vietnam veteran with a disability rated at 40 percent. I will be 64 in September and plan on drawing my Social Security retirement benefits at that time. Will either one of these government plans be affected by the other? Also, do I receive any extra credit in my Social Security earnings for the 16 quarters served on active duty from 1966 to 1969? A: You will be able to receive both your Veterans Affairs Department disability pay and your Social Security benefit. Your Social Security benefit will be based on the number of credits you earned…