Rehire, job loss and annuity

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Q. I had 24.9 years of government civil service with the Navy. We were BRACed, and I retired. Then I got hired as a contractor for the government for less than a year. Now I work for the Air Force at a decrease in pay and grade. I may lose my job again because of the budget cuts in the government. How will all this affect my annuity, which I’m still receiving, if I lose this job?

A. If you received both your annuity and the unreduced salary of your new position, you wouldn’t receive any credit for that period of employment and your annuity would remain the same when you left. If your salary was reduced by the mount of your annuity and you worked for at least one year (or the part-time equivalent), you’d be entitled to your original annuity plus a supplemental annuity based solely on that new period of employment.

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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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