Browsing: CSRS Offset

Q. I retired under the CSRS with approximately 33 years of government service, and I qualified for Social Security under other jobs. How will my CSRS monthly pension be affected when I begin to qualify for Social Security? A. Qualifying for a Social Security benefit would have no affect on your CSRS annuity. On the other hand, because you’d be receiving an annuity from CSRS — a retirement system where you didn’t pay Social Security taxes — your Social Security benefit would be subject to the windfall elimination provision. WEP reduces the Social Security benefit of anyone like you who has fewer…

Q. I retired at the age of 45 and began receiving a CSRS annuity. I went to work for the state of Virginia and retired at the age of 62 and 6 months and began receiving Social Security. My CSRS annuity was offset once I became eligible to receive Social Security. I’ll be 66 this September, I’m still working and was considering re-employment with the federal government. Will my CSRS annuity or Social Security be affected if I become employed with the federal government?

Q. I had 16 years of CSRS from 1980-1996. I left federal service in 1996 and took my money out. The amount to pay it back with interest is too much. I then returned to federal service in 2010 and have become part of CSRS Offset. I plan to work for 10 more years, which will give me 15 years of CSRS Offset. How much will my annuity be reduced by not paying back the 16 years of CSRS I had?

Q. I am a Civil Service Retirement System/Federal Employees Retirement System retiree that left the government after 30 years. I switched to FERS in 1987. At age 62, I had 21 years of substantial earnings under social security. I began receiving social security benefits at 65. By age 62, I had 7 years of substantial earnings in the private sector. Most of these years are maximum earnings. Will my social security benefits be increased? In total I now have 27 years of substantial earnings and will be 69 in October.

Q. I am 59 years old have retired from the U.S. Forest Service under mandatory retirement as a firefighter. I currently work in an emergency hire capacity as a Administratively Determined employee. As a CSRS Offset retiree, I will be forced to apply for Social Security at 62 and will have an earning cap of around $15,000. What is the penalty if I exceed this earning limit? I would like to continue to work for a number of years past 62 and could easily surpass this earning limit.

Q. I found out I had the CSRS offset when I was hired in 1985 and was automatically converted to FERS. I don’t remember doing this. What happens now?  Am I penalized by having the CSRS? I plan on retiring in 2016 after 30 years of government service.

Q. Is the offset amount determined by OPM after consulting with SSA at age 62, even if you are still working? I mean, if you work until age 70 and collect SS at age 66 or 70, is the offset continually adjusted (in my case increased as my salary goes up, and lower early years, not part of CSRS offset are replaced with CSRS Offset years)? How would collecting at 66 versus 70 affect only the CSRS Offset computation? I am wondering if the computation is set at age 62 as the Windfall Elimination Provision computation seems to be?

Q. I received a retirement estimate from my current agency that I requested last year and saw that my first job overseas as an excepted position for 2 years and one month was FICA only. That employment began on July 14, 1980, and ended Aug 16, 1982, when I accompanied my military spouse back to a stateside location due to his PCS in the military. I found out just before leaving overseas employment that I was eligible for an appointment non-competitively stateside due to Executive Order 12362 that gave me the ability for non-competitive appointment for federal jobs back stateside within…

Q. My dad, who paid Social Security all his life, died at age 70 and my mom subsequently retired from the postal service and has a CSRS pension. Shouldn’t my mom be able to get spousal benefits from Social Security?

1 2 3 4 5 6 16