Special Retirement Supplement-exceeded earnings

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I am a 61 yr old FERS retiree under Special Cat LEO. In 2018 worked and earned in excess of the allowed test of $17,040. In April of 2019, I will fill form RI-92-22. Im clear my future SRS payments will stop. Is OPM going to ask for a reimbursement for the SRS payments made during 2018? If so, is OPM obligated to issue and amended 1099 for those earnings I was taxed on and had to re-pay?

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Posted by (Questions: 1, Answers: 0)
Asked on January 9, 2019 2:20 am
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No you will not have to return the supplement earned for 2018 and the reason is the earnings test runs a year behind. So your supplement will end June 2019 and since you are approaching your 62 birthday, you will not have it reinstated, even if you stopped working as you become eligible for your Social Security benefit at age 62, even if you elect to draw it at a later age.

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Answered on January 9, 2019 4:09 pm

Elaine, I have seen some references in OPM material about retired 1811 employees (who receive an annuity payment and the special supplement payment) being subject to the earnings test upon their MRA–rather than upon reaching 62. In the question posted, I was wondering if perhaps OPM has just missed that and that is why the payments continued? If the answer is yes, it raises the possibility of them seeking repayment….

( at January 16, 2019 4:53 pm)
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Private answer

As a retiring 1811, the earnings test for the supplement does not apply until you reach your MRA whereas regular retirees cannot begin to collect their supplement until they reach their MRA. In both cases the supplement ends at age 62, when you are first eligible for Social Security. The question above was he has made more than earnings test amount and wanted to know if he owed back money for the year 2018 supplement.

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Posted by (Questions: 0, Answers: 541)
Answered on January 17, 2019 4:52 am