Ask The Experts: Retirement

By Reg Jones

CSRS Offset lump-sum payment in lieu of monthly annuity

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Q. Can a CSRS Offset retiree cash in or buy out his/her monthly annuity being received for a lump-sum payment, health and survivor benefits notwithstanding?

A. No.

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Comments

  1. Al perea Says:
    April 3rd, 2013 at 9:44 pm

    I am on federal disability retirement since 2004. My Kaiser Permanente coverage under this plan has gone from $480.00 in 2004 to approx.$680.00 in 2012 and has gone up again to a whopping $821.00 in 2013. I would like to know why, and is anyone else experiencing the same thing. I was told by one OPM agent it is because of my location and how many people do or don’t live around my location. That really sounds incredible.