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The number of salary hours that can be waived under the authority is limited to: 520 hours in the 6 months immediately following retirement. 1040 hours in any 12-month period, or. 3120 hours total during reemployment.
Returning to Federal Service. There are opportunities for retirees to return to federal service under the rehired annuitant program. In most cases you will keep your full annuity however your new federal salary will be reduced by the amount of your annuity in most cases.
If the annuitant is rehired by the same employer, or hired by another employer who maintains the same retirement system, the annuitant is exempt from mandatory Social Security coverage only. Beginning April 1, 1986, rehired annuitants are subject to Medicare tax withholding.
What is a reemployed annuitant? A reemployed annuitant is a person who is receiving a Civil Service Retirement System (CSRS) or Federal Employee Retirement System (FERS) retirement annuity and, at the same time, is earning a paycheck as a Federal employee.