Q. Does the Windfall Elimination Provision apply to anyone in CSRS Offset who is 55 or older and has 30-plus years of service upon retirement? A. The windfall elimination provision applies to anyone who receives an annuity — in whole or part — from a retirement system where he didn’t paid Social Security taxes and has fewer than 30 years of substantial earnings under Social Security. Anyone who is covered by CSRS Offset has at least five years of pure CSRS service in his work history, so the WEP applies.
Browsing: windfall elimination provision
Q. I retired from CSRS in 2006 . I am retired from the Navy Reserves. I also draw a 60 percent disability from the Veterans Administration. I also am eligible for Social Security retirement when I turn 62 in September. I had six years of active Navy duty which I paid back to Civil Service. These six years of active duty were also used toward my Navy reserve retirement. I have Survivor Benefit monies taken out of my Navy Reserve and CSRS retirement money. My wife receives a disability retirement from the state of Maryland and she will be eligible…
Q. I am a civilian employee with Defense Department under the CSRS retirement system. I am also retired from the Army and drawing retirement pay plus I am a disabled Vietnam veteran drawing a disability. My wife and I both draw Social Security (wife is 71 and I am 72). What portion, if any, of mine or my wife’s Social Security be affected? A. When you retire from your civilian position, your Social Security benefit will be affected by the windfall elimination provision if you have fewer than 30 years of substantial earnings under Social Security. And any spousal Social Security…
Q. Does the windfall elimination provision apply to anyone in CSRS Offset who is 55 or older and has 30-plus years of service upon retirement? A. The windfall elimination provision applies to anyone who is receiving an annuity — in whole or part — from a retirement system where he didn’t pay Social Security taxes and has fewer tha 30 years of substantial earnings under Social Security.
Q: I am getting ready to retire. I worked for the government from 1968 to 1972, then worked in the private sector and earned my 40 quarters in Social Security. I returned to work for the federal government in 1984 as a Civil Service Retirement System Offset employee. I was told that because I earned my 40 quarters from the private sector that my government annuity would not be reduced: I will get a full government annuity and a full Social Security check. Is that right? A: By law, your CSRS annuity will be reduced at age 62 by the…
Q: I had 13 years of Social Security employment (max contribution) before entering the Civil Service Retirement System Offset in 1991. I am 64 years old and considering retirement at age 66. Do CSRS Offset years count in meeting the 30-year requirement to avoid the windfall elimination provision? A: All years of Social Security-covered employment in which you had substantial earnings count toward the 30 years needed to avoid the windfall elimination provision.
Q: I’m a 28 year federal employee under CSRS, but I also paid into Social Security from 1963 until 1980. Assuming I ever retire, will I receive any Social Security benefits in addition to my federal retirement pay? A: If you have fewer than 40 credits (10 years) under Social Security, you won’t receive any Social Security benefits. If you have 40 or more, you will. However, because you will be receiving an annuity from a retirement system where you didn’t pay Social Security taxes, you would be subject to the windfall elimination provision. The WEP would reduce your benefits…
Q: I am currently a retired CSRS offset employee who is on Social Security disability. My question is when you turn 62, does your disability payment change to regular social security or does it change at 66? I have been told conflicting information. A: As long as you continue to be disabled, you’ll continue to receive a Social Security disability benefit. However, because you were covered by a retirement system where you didn’t pay Social Security taxes — CSRS — when you reach age 62, the windfall elimination provision will reduce the amount of your Social Security disability benefit if…
Q: I am a FERS transfer eligible to retire in October 2012. I will have 25 years of substantial earnings under Social Security at that time. Can I retire from federal service at that time and seek employment elsewhere to earn enough to count as substantial earnings to avoid the windfall elimination provision? A: If you retire before age 62, the windfall elimination provision will be applied at age 62. Therefore, if you have 30 years of substantial earnings when that happens, you’ll be exempt from the WEP. On the other hand, if you retire at age 62 or later, the WEP…
Q: I am a civil service employee with 17 years of service, 10 during CSRS years and seven during CSRS Offset years. I have 30 years of other Social Security wages. My High-3 years are in the Offset years. I draw full Social Security while working. I began this at 66. I am trying to make a retirement decision but I cannot get a clear understanding of how the offset impacts me. I have gotten retirement projections but they do not include any adjustment for Social Security. It appears too good to be true that I will not experience a…