Impact on Social Security of working after retirement as a CSRS Offset annuitant

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I am 60. I retired on 3 Jan 2020, with abt 17 years under CSRS, a 3 year break in service, and then abt 17 years CSRS Offset. I will be 62 in Aug 2022. I am still waiting for my first annuity check.

Anyway, I am considering taking a temporary job with the US Census. How (if at all) will working part-time effect my annuity in 2020? Will there be any impact to my SS benefit when I turn age 62?

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Asked on February 7, 2020 2:52 am
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Unless the Census position waives dual
compensation your salary will be reduced by annuity. If you elect to draw your Social Security before reaching your full retirement age (either 66-67) you are limited to how much you can earn or your Social Security will be reduced. The 2020 annual earnings test amount is $18,240.

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Answered on February 7, 2020 3:11 am
1. I will elect to start drawing my SS in August 2022, when I turn age 62. So, the annual earnings test will not apply to me until 2022, correct? 2. My Census position would pay me much less than my monthly annuity. So, for this job, if they do NOT waive dual compensation, then they will not be able to pay me anything, right? Is it a dollar-for-dollar salary reduction? Thanks!
( at February 7, 2020 4:00 am)
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Correct, the earnings test does not apply until you start drawing Social Security. For becoming a reemployed annuitant, yes dollar for dollar. Ask if they will waive that before you accept the position.

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Answered on February 7, 2020 4:24 am
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How does one obtain the waiver of offset, and who (what office) has the power to issue the waiver? Is it considered easy to obtain?

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Answered on February 25, 2020 2:21 pm
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According to the 2020census.gov website, there is a dual compensation waiver block on the application however, it also states they are not offering jobs with waiver of the dual compensation.

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Answered on February 25, 2020 3:38 pm
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Thanks! Very helpful.

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Answered on February 25, 2020 3:48 pm
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where is my csrs 3 percent of contiburions 401k
2010 ago year they didn't why. thank you.

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Posted by (Questions: 0, Answers: 1)
Answered on March 7, 2020 6:17 am