Q. Last year it was determined that I fell under FERCCA. I decided on CSRS offset as my retirement coverage. I am just shy of 30 years of service.
For 1987-1991, I was told I would be receiving a refund of my FERS contributions with no interest. It just does not seem correct that I have to pay for years of nondeduction service with interest to reduce or not have an actuarial reduction in my retirement annuity, yet money deducted from me sits for 25 years and is refunded without interest.
I would think at a minimum I should receive some sort of retribution. I was told it was an administrative error and I am not entitled to interest. Only if I were separating from civil service would I receive those contributions with interest.
A. Sorry, but what you were told is correct.