What is the Government Pension Offset, and how does it affect your pension?
Federal retirees could be facing a “perfect storm” of events that could collectively cause costs for their benefits to rise sharply in 2017. NARFE has been campaigning to minimize the potential negative impact on retired federal employees.
A series of actions are leading probable declines in the take home pay of federal retirees in 2017. Current federal employees, however, are on pace to see their largest pay increase since 2010.
The House Ways and Means Committee has not advanced a bill that would have reformed the Windfall Elimination Provision as it applies to Social Security benefits of federal employees.
Federal employees covered under CSRS Offset have special considerations when it comes to collecting Social Security in retirement. The author describes how this works and provides some real life examples based on a hypothetical scenario.
A petition started last month asked the White House to repeal the Windfall Elimination Provision and the Government Pension Offset. As the petition’s deadline draws near, how likely is it that it will get a response from the White House? While those in favor of repealing these measures may not like the answer, a recent House hearing may still offer some hope.
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?