Earnings reductions for LPE occur at any age, even after attaining Full Retirement Age. There is no Annual Earnings Exempt Amount for LPE. Even work for minimum pay may be LPE.
Any LPE earnings received by an employee annuitant for service in or after the month the annuity begins, will reduce the amount of the employee's Tier 2 component, the employee's supplemental annuity, if any, and the spouse's Tier 2 component. The LPE work deduction is $1.00 for every $2.00 earned, but not more than 50% of the Tier 2 components and supplemental annuity.
Any LPE earnings received by a spouse annuitant for service in or after the month a spouse annuity begins will reduce the amount of the spouse's Tier 2 component (up to 50%).
A prompt report will allow timely adjustment to avoid overpayment of your annuity.