Service computation date versus annuity computation date

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Q. I worked for the Army Corps of Engineers as a civilian from Aug. 27, 1979, to July 30, 1982. When I left, I took the retirement funds. On June 22, 1985, I was hired into the Postal Service as a FERS employee. I recently redeposited the funds plus interest, and my new service computation date reflects the adjustment — now July 18, 1982. However, my annuity computation date does not reflect corrections — it is still June 22, 1985. Is this correct? If so, what benefit did I gain by making the redeposit?

A. No, it isn’t correct. Because you have redeposited the money refunded to you, your service computation date and annuity computation date should be the same.

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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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