By Reg Jones
December 5th, 2012 | Uncategorized
Q. I am thinking about returning to work for the federal government. I retired in November 2010, with 35 years of federal service at the GS-12 level. I have a 17-year-old graduating for high school, and he will need financial assistance. If I got a job at the GS-6 level, how would that affect my annuity? I would be under the old retire system CSRS.
A. Your new salary would be offset by the amount of your annuity. Therefore, taking a job at the GS-6 level would reduce your new salary to the point where it might not be worth the effort.