Tag: CSRS

Some CSRS Offset Employees Will Receive Extra Money (and Interest)

By on July 16, 2015 in Pay & Benefits, Retirement with 10 Comments
Some CSRS Offset Employees Will Receive Extra Money (and Interest)

Are you a CSRS offset retiree? If you are in this group of federal employees, a letter coming from the Defense Finance and Accounting Service (DFAS) may interest you as you may be in for at least a small, unexpected financial gain.

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Advice from One of Our Readers on Federal Retirement

By on April 30, 2015 in Retirement with 64 Comments
Advice from One of Our Readers on Federal Retirement

One of FedSmith.com’s readers shares his personal retirement story and advice for other federal employees based on his recent experience with the process.

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Can I Transfer TSP Funds Into My VCP Account?

By on April 17, 2015 in Q&A with 4 Comments

Am I allowed to transfer funds from my TSP account into my Voluntary Contribution Program account?

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Impact of Government Pensions on Social Security

By on April 1, 2015 in Q&A with 26 Comments

I retired under CSRS and then went to work for the state government under a state pension system. How will the two government pensions affect my Social Security benefits?

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Penalty for Withdrawing From TSP

By on March 24, 2015 in Q&A, Retirement with 11 Comments

I am age 64 and retired from GSA in 2008 under the CSRS, having worked 36+ years. Is there a penalty for me to withdraw some or all of my TSP before age 70 1/2 ?

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CSRS Offset and Social Security Deductions

By on March 16, 2015 in Q&A, Retirement with 2 Comments

My husband’s personnel office just found out that he should have been in CSRS Offset after 21 years of coming from the DC Government. After his maximum SS tax was reached, his personnel office stopped the SS deduction. In the past, after the maximum was reached he has received the SS contribution in his paycheck. Was this done correctly?

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CSRS, FERS and Considerations in Redepositing Money

By on March 12, 2015 in Q&A, Retirement with 0 Comments

I’m planning to retire at 62 and my human resources department has presented me with the option of depositing $9,645.00 (roughly 3K + 6K interest). If I don’t deposit for the period I was not under CSRS then I will receive $80.38 less per year in retirement (provided I retire now). Is this correct?

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40+ Years of Service: What Happens to Those Extra Retirement Contributions?

By on March 2, 2015 in Retirement with 6 Comments

When I retire how will I receive the retirement monies that were taken out after working for over 40 years?

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CSRS Annuity and Divorce Decree

By on February 22, 2015 in Q&A, Retirement with 38 Comments

I am under CSRS and thinking about retiring soon. However, I am divorced and my divorce decree has a formula type clause and I don’t know how OPM will apply this formula in determining my annuity. Is there any way to get an estimate from OPM before I retire?

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How Will My Retirement Be Calculated?

By on January 22, 2015 in Q&A, Retirement with 1 Comment

I have 15 years under CSRS and 15 under FERS. How will my retirement be calculated?

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