Supplemental annuity

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Q: I am receiving a CSRS annuity and Social Security. The social security was reduced by WEP. I am now eligible for a supplemental annuity because I worked as a re-employed annuitant for over three years. I will need to pay the deposit in order to get the supplemental annuity. Will the supplemental annuity further reduce my Social Security? If yes, how can I calculate the reduction? I need to know if it will pay me to accept the supplemental annuity.

A: No, it will not further reduce your Social Security benefit. That benefit is based solely on your years of substantial earnings under Social Security, which have not changed.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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