Q. I have just short of five years of service as a part-time substitute rural carrier, beginning in 1979 and ending in 1984, followed by full time service as a regular rural carrier from 1984 to the present with no break in service. I am being told that my part-time years are nondeduction service and that I must make a deposit for if I want full credit for retirement. Payments for Social Security were deducted from my paychecks as a part-time employee. I must pay 7 percent of my salary for that period for Social Security. This looks like paying…
Browsing: deposit for nondeduction service
Q: I’m under the Civil Service Retirement System and have a period of about one year of nondeduction service immediately prior to Oct. 1, 1982. I also have about a year of nondeduction service starting Oct. 1, 1982. Which would it make more sense to make a deposit for, the year prior to Oct. 1, 1982, or the year commencing on that date? A: For nondeduction service performed before Oct. 1, 1982, you have the option of making a deposit and having your annuity reduced by 10 percent of the amount that would have been deducted from your salary plus…