Rehired annuity

0

Q. I am a GS-14 federal retiree, having retired in October. I worked continuously (no break in service) for 34½ years. My period of employment was entirely competitive service. I was classified as exempt from the federal Fair Labor Standards Act. I am interested in knowing how I would be paid if I decided to apply as a rehired federal annuitant. Is there a table that you can point me to with a step-by-step decision tree as well as examples of how a salary would be determined?

A. Nope. There aren’t any tables or decision trees. It would be up to you to find a job and negotiate with your potential employer to set a rate of pay within the pay scale for that grade. In most cases, your salary would be offset by the amount of your annuity. If you worked for a year full time, you’d be entitled to a supplemental annuity. If you worked for five years full time, you’d be entitled to a redetermined annuity.

Note: If you were hired into a position that allowed you to receive both your annuity and the full salary of your position, you wouldn’t be entitled to either a supplemental or a redetermined annuity. When you left, your salary would simply stop and your annuity would continue.

Share.

About Author

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

Leave A Reply