Refund of excess deductions

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Q: I have now passed the 42-year mark and still pay deductions to CSRS. If I request a refund or additional annuity when I retire, does the government contribution (which seems to be continuing according to my earning statement) become part of the equation?

A: No. The refund of excess contributions will consist solely of the deductions that were taken from your pay.

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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 fedexperts@federaltimes.com.

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