Browsing: deposits

Q. I am considering reinstatement. I was with the Treasury Department for seven years and nine months, and left in January 1981 as Grade 12, Step 1. I received a refund of retirement contributions of approximately $6,000 when I left. How can I approximate what my pension will be if I return to the Treasury Department at a Grade 13, Step 1 and work for 5½ years. How would this calculation work if I wanted to calculate the pension at different dates? At the time I left, I was not required to make Social Security withholdings. I have made Social…

Q: I have completed three periods of military active duty. Each period was separated by years from the other two. I made a military deposit for two of the three periods. One source told me that this was not permissible; that if I didn’t buy back all periods, I would get a check back after retirement for the 2 I bought back, and would receive no military credit. Another employee told me that this was nonsense, and that it was my choice to buy back two of the three periods, and that I would get credit for the military time…