Retirement annuity

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Q: When someone re-deposits money withdrawn from the retirement fund, is the interest they paid included in computing their annuity? If it is not, does that money go into some kind of general account?

A: No, the interest paid is not included in the annuity computation. It goes into the Civil Service Retirement and Disability Fund and replaces the interest lost when the refund was made.

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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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