Retiree Rehiring Measure Introduced

A bill offered in the Senate (S-629) would ease restrictions on federal retirees returning to work for the government by allowing reemployment of federal annuitants without offset between their salaries and annuities for part-time or project work of up to 520 hours in the first six months following the start of annuity payments, up to 1,040 hours in any 12-month period, and up to 3,120 hours total for the annuitant’s lifetime. The reemployed annuitants would not be eligible to make new contributions to the TSP or increase their annuities, and their insurance coverage would be unaffected.