Browsing: SOCIAL SECURITY

Q. I am a federal employee with 42 years of CSRS service. Will I be afforded the opportunity to receive Social Security benefits when I reach the age of 65? A. You would only be entitled to a Social Security benefit if you had worked outside the government and earned at least 40 Social Security credits. However, because you worked under CSRS – a retirement system where Social Security taxes weren’t deducted from your wages – you’d be subject to the windfall elimination provision of law. The WEP would reduce that benefit unless you had at least 30 years of…

Q. I am eligible to retire under CSRS with what is currently 37 years of service (SCD JUL 1982). I am still working and plan to for a couple of more years. However, I became eligible for full Social Security January 2019, for work employed outside of CSRS. Would my CSRS pension (when I retire) be reduced by this amount if I were to sign up for it or is it the Social Security amount that will be reduced or eliminated? A. If you have reached the age when you are eligible for a full Social Security benefit (between 65…

Q. I retired from the Navy Reserve with 39 years (9 active duty) and received a regular retirement check (over 60 years). I have a 60 percent service connected disability and receive VA disability pay. I am in FERS and will soon retire with 20 years service (bought back the 9 AD years). Will I be allowed to keep my military retirement pay, disability pay and FERS retirement pay? Also, will there be any impact to my full Social Security annuity when I turn 66 and 10 months? A. Yes, you’ll be able to receive reserve retired pay and your…

Q. I am a federal law enforcement retiree (I left service in 2015) and get my FERS annuity and special supplement. I was recently approved for Social Security Disability. Does SSDI affect my supplement, i.e., is it considered wages that count against the supplement limit on earnings? Will my FERS annuity be affected? A. Your special retirement supplement won’t be affected. That’s because only earnings from wages or self-employment can affect that benefit. Social Security Disability Insurance is neither.

Q. Individuals covered under CSRS pay CSRS employee deductions, and are excluded from Old Age, Survivors and Disability Insurance taxes of Social Security. They may contribute up to the Internal Revenue Service elective deferral limit each year to the Thrift Savings Plan (TSP), but CSRS employees who contribute do not receive any government contribution. There are so many references in Office of Personnel Management materials, congressional papers and Treasury manuals that prohibited those working under this system from paying into Social Security, how can Congress and Social Security turn around and penalize survivors whose spouses paid into Social Security? Why…

Q. I’m a 62-year-old FERS retiree who is receiving a Social Security benefit. I’m thinking about taking a job in the private sector. How will that affect my Social Security benefit? A. If you are under full retirement age, your Social Security benefit will be reduced by $1 for every $2 in earnings that exceed the annual earnings limit, which is $17,640 in 2019. In the year when you reach your full retirement age, your benefit will be reduce by $1 for every $3 you earn over a different limit, which is $46,920 in 2019. Beginning in the month you…

Q. I’m retired from the government and receiving a Social Security benefit. I’m thinking of taking a job in the private sector. How will that affect my Social Security benefit? A. If you are under full Social Security retirement age, your Social Security benefit will be reduced by $1 for every $2 in earnings from wages or self employment that exceed the annual limit, which is $17,640 in 2019. In the year when you reach your full retirement age, your benefit will be reduced by $1 for every $3 you earn over a different limit, which is $46,920 in 2019.…

Q. I am a retired Civil Service Retirement System employee with 43 years. I never received any Social Security. My husband of 37 years worked and retired. Now he is receiving Social Security. My pension is more that his. Can I apply for his Social Security benefits now that I am 67? A. You can apply for it; however, that spousal Social Security benefit will be impacted by the Government Pension Offset provision of law. The GPO reduces – and sometimes eliminates – the spousal benefit of anyone who is receiving an annuity from a retirement system where he or…

Q. I’m receiving my husband’s Cvil Service monthly annuity, which he elected me to receive. He only had 25 quarters of private-sector work. During his federal service, he did not pay into Social Security. Will I be able to collect his federal annuity and my full Social Security because it was my own work, or will my Social Security be reduced?

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