CSRS offset and retirement timing


Q. I am a FERCCA case. I was inadvertently placed in FERS when hired by my agency after eight years in the legislative branch.

I have elected CSRS offset coverage. I have 28 years, eight months of creditable service and am eligible to retire now.

My annual salary and high-3 are not likely to change in the next few years. Are CSRS offset annuities helped by length of service? Would it benefit me to work two or three more years?

A. CSRS offset annuities are computed the same as regular CSRS annuities. The more years you work, the greater the annuity.

The difference between a CSRS offset annuity and a regular CSRS annuity is that if you are eligible for a Social Security benefit, your CSRS annuity will be reduced by the amount of Social Security benefit you earned while a CSRS offset employee. You will receive the same amount. It will just come from two places: OPM and the Social Security Administration.


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.

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