Q. I spent 13 years with the federal government. I want to request a refund. Will my employer’s contribution be refunded?
A. No. it won’t. You’ll only receive a refund of the contributions you made to the retirement fund.
Q. I spent 13 years with the federal government. I want to request a refund. Will my employer’s contribution be refunded?
A. No. it won’t. You’ll only receive a refund of the contributions you made to the retirement fund.
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In addition to your contributions you will also be paid interest. Here is the chapter of the CSRS FERS handbook providing guidance on this topic. (see page 24) https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c032.pdf Also, if you decide to take a refund, you will not be eligible for a deferred annuity in the future based on your past work. You should take a hard look at the small amount of money you will get in the form of a refund versus being eligible to collect a pension for life, either at your Minimum Retirement Age with an age penalty or at age 62 without the age penalty.