Q: I am thinking of retiring in October 2010 with 39 years, one month and 16 days of service. I will be age 58 years, three months at date of retirement. My supervisor would like to hire me back as a contractor for three days a week. Will this affect my net monthly annuity?
A: While being hired as a contractor shouldn’t have any effect on your annuity, you’ll need to check with your agency’s personnel office to find out if it would be acceptable under your agency’s employment guidelines.