Ask The Experts: Retirement

By Reg Jones

Retirement annuity after job switch

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Q. I have recently retired from an air traffic controller job, collecting a retirement annuity from the government. I am 55 years old and was wondering if I can now get a job with another government agency (Homeland Security) and still retain my retirement annuity. Is there anything written about this, and where would I find it?

A. Whether you can get a job with another agency is up to them. As a rule, your new salary would be offset by the amount of your annuity. However, there are limited authorities that allow an annuitant to receive both his annuity and his full salary. Before you accept a job, you’ll have to be sure which rule applies. If you find a position that allows you to receive both, when you retire again, your annuity won’t be recomputed to include that new period of service.

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