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BumRushDaShow

(164,321 posts)
18. Anyone trying to comprehend the convoluted provisions of FERS
Sat Nov 29, 2025, 07:24 AM
Saturday

would find their heads exploding with the "MRA" stuff!

I am on CSRS-Offset as I started ahead of the FERS transition, so I am not on FERS but on a CSRS annuity that is offset to accommodate a SS component that can be applied for and collected by a retiree starting at age 62. In my case, I had a SS payroll tax taken out of my salary, plus a CSRS contribution taken out. Regardless of whether SS would be applied for (later or at all), in the CSRS-Offset situation, the CSRS annuity component would still be reduced once the retiree hits 62.

The legacy "all-CSRS" people had no SS taken out at all during federal employment (and there are a handful still in Congress, e.g., Hoyer and Grassley), who came in under CSRS. But if they have enough quarters from other jobs - before or after federal employment, then they can FINALLY add that SS income when they retire, as those in that category had the penalizing WEP and GPO laws applied to them, negating their ability to collect both, and those negating provisions were repealed recently through - H.R.82 - Social Security Fairness Act of 2023)

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1 members have recommended this reply (displayed in chronological order):

She knew what she was doing, didn't she? ificandream Nov 28 #1
MTG grifts with the best... wcmagumba Nov 28 #2
I don't disagree with that, but TexLaProgressive Nov 28 #7
Not a fortune, to be sure, but some handy pocket change... 3catwoman3 Nov 28 #10
Her net worth jumped by over 10 million while she was in office. Hope22 Nov 28 #11
More like $20 million. CentralMass Saturday #26
Thanks.... Hope22 Saturday #28
The post says her pension is 1% of her $184k salary, which is less than $2000/yr. ??? TheRickles Saturday #19
That's what I originally heard TexLaProgressive Saturday #20
Newsweek is saying her pension will be $8700 per year, not per month. That's part of the confusion. TheRickles Saturday #21
This message was self-deleted by its author TexLaProgressive Saturday #23
This message was self-deleted by its author TexLaProgressive Saturday #24
This message was self-deleted by its author TexLaProgressive Saturday #25
No - she will get $8,700 per **year**, not month. Important difference. electron_blue Saturday #29
Some articles report Marge did a lot of insider trading while in office. Irish_Dem Nov 28 #3
Glad she's gone, but any Democrat would do the same. Less than $9K ain't much for a pension. Silent Type Nov 28 #4
not much 'underhanded' or nefarious in this. NOR (even in blue collar terms) much of a windfall stopdiggin Nov 28 #6
And not until she is 62. niyad Nov 28 #14
Good point. I'm almost starting to feel sorry for her. Well, not quite. Silent Type Nov 28 #15
Glad you added that last sentence. I was starting to worry! niyad Nov 28 #17
Don't. Her networth has increased by $20 million since she was elected. CentralMass Saturday #27
Easy solution - don't let them count the time they were not working during their shutdown. SeattleVet Nov 28 #5
I advocate for this. nt Hope22 Nov 28 #9
Must be a coincidence. 😏 Dave Bowman Nov 28 #8
She's not even worth... purr-rat beauty Nov 28 #12
There is too much money in US politics. Aussie105 Nov 28 #13
I wish people would go read the congressional pension plan rules. niyad Nov 28 #16
Anyone trying to comprehend the convoluted provisions of FERS BumRushDaShow Saturday #18
As long as she's out of office and talking shit about trump, I'm good with MTG. (nt) Paladin Saturday #22
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