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Reemployed Annuitants


Generally speaking, the treatment of a retiree's annuity and pay upon reemployment in the Federal Government depends upon whether he or she retired on the basis of a regular, involuntary, or disability retirement. Potential benefits that may be earned as a result of the reemployment service depend primarily on the length of such service.

Some details on Reemployed Annuitants may be found in a PDF file at OPM's Web Site by clicking here.

If you have questions regarding how this can affect you, feel free to post the quesitons here. Or perhaps you have been through this process before and can offer some helpful suggestions...please share.

To read today's top news stories on federal employee pay, benefits, retirement, job rights and other workplace issues visit FederalDaily.com.

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someoldguy  
#1 Posted : Sunday, May 17, 2020 12:56:45 PM(UTC)
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This is an issue which applies to everyone who is going back to work for the same company that they are receiving a pension from.

I worked at a place, a contractor, and if retirees wanted to come back to work, they could only work like 40 hours a month without incurring all kinds of tax problems.

We have a couple of reemployed annuitants where I work, they get like 500 hours a year which works out to about 40 hours a month, more or less.

I've tried to find the IRS regulations that cover this but I have not been able to. Does anyone know the actual regulation? I'm trying to figure out what age it stops affecting work... some people say 65, others say 62
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Go saints  
#2 Posted : Sunday, May 17, 2020 1:16:20 PM(UTC)
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The only thing I've heard of is how Social Security might be taxed, and to what extent, based on your other income and the age you begin to receive SS especially if you start at 62 (assuming no disability).

Other than SS-derived considerations, I've not heard of any unique income tax issues deriving from pension + reemployment.

https://www.investopedia...taxable-after-age-62.asp
CubicalCMDR  
#3 Posted : Saturday, August 22, 2020 8:15:00 AM(UTC)
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What happens to the CSRS redeposit balance (stated at retirement) if my retirement pay is acturially reduced, I draw retirement pay and later I am reemployed. Does the redeposit amount grow, diminish or remain the same?

Edited by user Saturday, August 22, 2020 8:15:54 AM(UTC)  | Reason: edit to check monitor topic box

SD Analyst  
#4 Posted : Friday, September 4, 2020 2:56:03 PM(UTC)
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Originally Posted by: CubicalCMDR Go to Quoted Post
What happens to the CSRS redeposit balance (stated at retirement) if my retirement pay is acturially reduced, I draw retirement pay and later I am reemployed. Does the redeposit amount grow, diminish or remain the same?

This should be a new thread. But, once you retire and if your redeposit is eligible for actuarial reduction and you accept that, it is a permanent reduction. There is no more unpaid deposit.
thanks 1 user thanked SD Analyst for this useful post.
CubicalCMDR on 9/4/2020(UTC)
CubicalCMDR  
#5 Posted : Friday, September 4, 2020 4:42:32 PM(UTC)
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Thanks for the clarification this is exactly what I needed to know!
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