Q. I am retiring under CSRS in February. With my three years, 11 months and 10 days in the Navy, plus sick leave, I will have 42 years and eight months CSRS and be 62 years and five months old. On advice of our HR office, I never paid my military deposit back since I was planning on retiring federal and only had 31 Social Security credits. I have looked in the Office of Personnel Management site and the Fedweek CSRS retirement manual and neither says it will not reduce my annuity if I don’t pay the deposit. Can you help?
A. The answer is simple. Because you have already reached age 62, if you are eligible for a Social Security benefit when you retire, those three years, 11 months and 10 days will be eliminated and your CSRS annuity recomputed without them. If you aren’t eligible for a Social Security benefit when you retire, there won’t be any reduction.