Browsing: windfall

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 employed by the Defense Department under the Civil Service Retirement System. My service computation date is Dec. 17, 1977, and I will turn 62 on Nov. 16. Prior to entering civil service, I earned enough quarters to qualify for Social Security. I have not selected a retirement date, but I am considering Dec. 31 of this year or January 2011 to receive a payout from the National Security Personnel System. If I retire Dec. 31, I will be reimbursed for all of my annual leave, but after that reimbursement I would be limited to the maximum amount…