Q. I was a federal employee under CSRS for almost 11 years and left to pursue a state job that I am now retired from. I immediately got back into the federal system under CSRS Offset and have repaid almost all of the retirement funds that I withdrew when I first left. I am considering overpaying back into the retirement system by about $8,000 and retiring with 20 years of service. Do you have any idea what percentage I might receive if I do this? I understand normally with 20 years, the amount is usually about 38 percent. I was…
Browsing: re-deposit
Q: I was employed in temporary positions with the federal government from 1971 through 1986. During that period, I accumulated 10 full-time years of federal service during which I paid in only to Social Security because temporary federal employees were not allowed to partcipate in the Civil Service Retirement System. My first permanent federal appointment was in December 1986, at which time I enrolled in the Federal Employees Retirement System. My understanding is that for the approximately six years I worked prior to 1982, I will receive 90 percent of the CSRS annuity calculation without making a re-deposit. However, I…