Browsing: Social Security deductions

Q. I am approaching age 70 and I currently work full time. What happens to the monthly deduction for Social Security that I pay in if it doesn’t increase my monthly benefit? Can I get that money back in a lump sum? A. No, you can’t.

Q: I am a Civil Service Retirement System optionally retired rehired annuitant. Because I am under CSRS for retirement, is my salary as a rehired annuitant subject to Social Security withholding? A: As a pure CSRS rehire, you aren’t subject to Social Security deductions unless you were hired as a senior official. If you were, you’d be covered by CSRS Offset, and Social Security deductions would be mandatory.