Maxing out service time


Q. What happens upon retirement when one’s total service time exceeds the max (41 years 11 months) with the retirement contributions made even though the max annuity time was reached?

A. You’ll receive a refund of your excess contribution, plus 3 percent interest, and be given the option of purchasing additional annuity that isn’t subject to the 80 percent limit.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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