Browsing: annuity offset

Q. I am 47 and receive a CSRS monthly annuity. I retired from the Postal Service after 26 years. If I accept a position at the Veterans Affairs hospital, how will that affect my annuity? A. The salary of your new position would be offset by the amount of your annuity. For example, if your annuity is $40,000 and the annual salary of your new position was $50,000, you’d receive a salary of $10,000.

Q: I am a federal government employee under FERS who has worked for 26 years and may consider a buyout, if offered. If I become a FEMA Disaster Assistance Employee (DAE), will I be subject to an annuity offset? A: According to FEMA, “If you are a retired federal civil servant, your pay from FEMA may be subject to an offset. A copy of your annuity statement must be submitted to personnel yearly to be eligible for an annuity waiver during the first 120 days from the date of a presidential disaster declaration. The annuity waiver does not apply when deployed to…