Annuity depends on past contributions


Q: I am employed by the Army under the Civil Service Retirement System. I am planning to retire on Nov. 30, 2011. I worked for the Federal Deposit Insurance Corporation for 11 months (July 14, 1980, through July 10, 1981). When adding up my service time for retirement, will the 11 months in which I worked for FDIC be included?

A: If retirement contributions were taken from your pay while working at FDIC, you will get credit for that time in determining your eligibility to retire and in your annuity computation. If they weren’t and you haven’t made a deposit to the retirement system, your annuity will be reduced by 10 percent of the amount you owe, plus accumulated interest.


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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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