Q. I am a CSRS employee with 30 years of service at age 51. How would my retirement funds be affected if I accepted an early buyout? And how would it affect my TSP? A. Your annuity would be reduced by 1/6 of 1 percent per month (2 percent per year) that you were under age 55.
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Q. I resigned from the government in 1985 and withdrew $10,000 from my retirement. I returned to the government in 1986. If an early buyout was offered and I accepted it, what effect would this have on my annuity? Would I be penalized for the $10,000 I withdrew, or am I responsible for paying it back? My service computation date is 1976. A. Because you withdrew your retirement contributions before March 1, 1991, you’d get credit for that time in determining your total years of service; however, if you didn’t redeposit the money you took out, plus accrued interest, when…