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Federal Benefits Q&A

Question: “I receive a CSRS survivor’s benefit and am 60 years old. I have six years of service with USPS and was under FERS/TSP at the time when I quit years ago and rolled my retirement into an IRA. I recently found myself re-employed with USPS and will be going career in the next month. I had thought about repaying my previous retirement back into FERS. I plan to work six more years USPS until I can collect full Social Security. Someone told me my Social Security will be offset since I get a CSRS benefit if I get even a small FERS pension. Would I be better off just not contributing to the TSP and continuing my yearly contribution to my IRA?”

Question: “I receive a CSRS survivor’s benefit and am 60 years old. I have six years of service with USPS and was under FERS/TSP at the time when I quit years ago and rolled my retirement into an IRA. I recently found myself re-employed with USPS and will be going career in the next month. I had thought about repaying my previous retirement back into FERS. I plan to work six more years USPS until I can collect full Social Security. Someone told me my Social Security will be offset since I get a CSRS benefit if I get even a small FERS pension. Would I be better off just not contributing to the TSP and continuing my yearly contribution to my IRA?”

Answer: First, as a CSRS survivor annuitant, your Social Security benefit will not be affected by any offset. Second, you are highly encouraged to contribute to the TSP, contributing at least 5 percent each pay date in order to receive the maximum agency match of 4 percent in addition to the automatic agency contribution of 1 percent of your gross pay.

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