Q. I took my retirement money in 1990 after 15 years of service. Now they want $40,000 to get that time back. If I pay $20,000, will the interest keep going up on the $40,000 or $20,000? I’m in the offset program; should I pay this back or not?

A. Interest only accumulates on the unpaid balance. Whether you should redeposit that money is a financial decision, one that comes in the answers to two questions. First, how much more will you get in your annuity and for how long? Second, how much could you earn with the money if you invested it  instead of making the redeposit?



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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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