How will collecting social security and still working affect eventual CSRS-offset retirement payment?


CSRS-Offset employee with 30 years substantial earnings in SS, want to start collecting SS upon turning 66. Will starting to collect SS and still working for say three more years have a negative impact on my final total federal retirement benefit?

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Asked on October 25, 2017 12:50 am
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As a CSRS Offset employee, your federal pension becomes “offset” or reduced by the amount of Social Security you have earned while working as a CSRS Offset employee. So, if you are still working for the federal government, obviously you are not collecting your pension, so you could draw your Social Security benefit and draw your full pay and because you have reached your Social Security full retirement age which means you can collect that Social Security without any earnings test. However, when you retire, with the formula being your “offset” is all Social Security earned as a CSRS Offset employee, you are increasing the amount that will be taken from your CSRS pension when you finally decide to retire.

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Answered on October 25, 2017 2:06 pm