Q. I am a CSRS employee age 66 with the four years of military buy back. In August 2019 I will be maxed out at 41 years 11 months. Can I get a refund on the military buy back? And what happens to it if I work longer than the 41 years 11 months?
A. When you retire, any excess contributions will be returned to you with the option of purchasing additional annuity benefits, which aren’t subject to the 80 percent earned annuity limit. For more information about how those excess contributions would be treated, go to https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c031.pdf.