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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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  1. Elaine Lumsden on

    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.

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