Q. I have returned to federal service and want to redeposit my FERS contributions that were returned to me. Neither the Office of Personnel Management nor the Air Force Personnel Center can tell me whether the nine years of military time I bought back while I was previously a federal worker was returned along with the FERS contributions. Now that I have returned to federal service, the nine years of military service is not showing as credible time so I was hoping one of the experts here could shed some light on this for me. Would the bought-back military time be returned…
Browsing: redeposit
Q. Can early-out money be used to pay back refunded money? Since the Office of Personnel Management sends you the option either to buy time back or not, you would have the early-out money in hand. A. Yes, you can redeposit the amount you owe prior to the final adjudications of your claim by OPM.
Q. I am a reinstatement employee with the USPS. On my first go-around, six years, I took the refund of my FERS. Can I buy back this FERS refund? A. Yes, you can redeposit that money, plus accrued interest.
Q. I am trying to take advantage of the redeposit and can’t seem to find information to get this done. The current form 3108A does not address this particular subject. Human Resources was not familiar with it. It is on the Postal Service blue page, but that is as much information that I can get. I left USPS for eight months, and I took my Thrift Savings Plan and roll into an IRA. I want to find out how to get this redeposit, to receive credit for my annuity computation, and also my eligibility to retire. I am currently employed with…
Q. I took my retirement money out in 1990. Can I use Voluntary Separation Incentive Pay money to pay that back? The Office of Personnel Management told me I would have the opportunity to buy back refunded money or time before final annuity payments were calculated, but I worried that if I retired, they would not count that time into my annuity before I had time to pay it back. A. What OPM told you is correct. And, since you will have your VSIP long before your annuity is finalized, you’ll be able to make the redeposit with time to…
Q. I have 22 years of federal service: 10½ years in the Air Force and 11½ in the Defense Department, leaving as a GM-14 in 1990. I was under CSRS and took the small lump sum when I left. Can I repay into the system and qualify for an annuity? I am 62½ years old. A. No, you can’t. You would only be able to redeposit that money, plus interest, if you were a current employee of the federal government.
Q. My husband was employed by the federal government from June 1970 through July 1971and was covered under CSRS. He resigned and withdrew his CSRS contributions. He returned to work in the federal government in 1999 on a temporary appointment for a few months. In January 2000, he was appointed to a permanent federal position and began contributing to FERS. He left that permanent position in the fall of 2004. He left his FERS and Thrift Savings Plan contributions in the system. With the CSRS time and the FERS time, he is eligible for a deferred retirement now. He will have approximately…
Q. I worked as a GS clinical nurse from Sept. 12, 1999, to Sept. 24, 2005 — a total of six years. On May 10, 2010, I returned to federal service as a GS clinical nurse. My service computation date was determined to be Feb. 8, 2008. How was this date arrived at? I previously worked from February 1991 to January 1996 as a GS worker and foolishly took my retirement monies out. I know I have lost that time. But that should not cause me to lose three years of service time, should it? A. Unless you re-deposit the…
Q. I worked for the Postal Service for two years and eight months, and left in the early 1970s to raise my child. At that time, I withdrew my contributions. When I returned to federal service (not the post office) in 1987, I was told I was not vested in CSRS and therefore had to be enrolled in FERS. I was credited with my post office service, so my service computation date is Dec. 7, 1984, rather than February 1987, when I was hired. I would like to know if I should have been offered the opportunity to repay my withdrawn…
Q. What is the minimum submission time for FERS retirement, and what defines retirement application? I currently meet the full FERS retirement criteria (minimum retirement age and 30+ years of service, including 10.5 years military redeposit paid and documented). I plan on retiring in January 2014. My plan is to submit the application in about July or August 2013. However, Congress is considering various FERS retirement changes, one of which is canceling the special retirement supplement. According to the House version, anyone retiring after Dec. 31, 2012, would not get SRS, whereas the Senate version would apply only to new…