Ask The Experts: Retirement

By Reg Jones

Part-time re-employment and pension

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Q. I retired in December 2010 after 35 years of federal service. I recently accepted a part-time position working 32.5 hours a week at my local post office. Nobody at the Office of Personnel Management nor the Postal Service can advise me on how this will affect my pension. I earn $90,000 in annuity, and the job I accepted pays $22,000 per year.

A. It depends on your employment category. If you are a rehired annuitant under either CSRS or FERS, your salary would be reduced by the amount of your annuity, which would leave you with nothing in your paycheck. If you aren’t a federal employee but, for example, a contract employee, it wouldn’t have any effect on your annuity.

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