Q. I worked for the federal government for 10 years and just recently decided to withdraw my FERS retirement contributions after leaving this past April. I’ve been told from friends that my refund may only be $2,000 to $3,000. Can this be right after working 10 years?
A. That sounds a little low. To find out how much you’ve contributed to the retirement system, look at the Cumulative Retirement Contributions box on your last pay slip. If you no longer have it, you can approximate the amount by multiplying an estimate of your Basic pay over those 10 years by 8/10ths of 1 percent.