Q: I know that I can draw my Federal Employees Retirement System annuity and my Social Security benefits. My question is, will my Social Security benefits be reduced if my annuity is more than the yearly limit of $1,480?
A: The Social Security earnings limit only applies to earnings from wages or self-employment, not what you receive in your annuity. In 2010 and 2011, the earnings limit is $14,160.
