Q. I was an employee under CSRS for 15 years and nine months. I took a Voluntary Separation Incentive Payment and withdrew my retirement pay. I am recently rehired and will go under the CSRS Offset. How can I determine what the repayment would be with interest? A. There’s only one way to find out how much you owe. Download a copy of Standard Form 2803, Application to Make Deposit or Redeposit, fill it out and send it to the Office of Personnel Management, Retirement Services and Management Group, P.O. Box 45, Boyers, PA 16017-0045. When they’ve told you how…
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Q. I am a non-dual-status employee, under FERS. I resigned in 2007 with a deferred retirement. I didn’t touch it. I came back in 2009 as an emergency hire non-dual-status for two years. I then was made a temporary NTE for two years. I was then brought back as a reinstatement employee NTE four years with my benefits back. Is there any way to pay back any of the time between when I resigned and when I came back as a reinstatement employee? When I resigned, I had 20 years of retirement but was nowhere near the age. I am…
Q. I am currently a 6c AIA who is getting ready to start Title 10 contingency orders stateside. I realize that Title 10 orders for a contingency are not a factor for five years of military leave, but how will this affect my retirement? Will I still be able to retire at the minimum 20 years, and will I have to make contributions to the FERS retirement? (I realize I will have to buy back the military years for a higher retirement percentage.) A. If you are called to active duty and on completion of that assignment return to a…
Q. I retired 11 months ago and still not getting my full pension. When I submitted my application through my agency, they approved without any problems. But I just received a letter from the Office of Personnel Management informing me of a $10,000 unpaid deposit. I thought that if there were any issues with retirement, OPM was supposed to inform the employee. If they would have told me, I could have made the choice of continue working until the debt was paid. What can be done at this stage? A. It’s unlikely that your agency would have known that you…
Q. I retired in 1995 from the Army after 15 years and two days under the early retirement option offered. I have been working for the federal government for over 16 years. I have not bought back any military service; I draw a military pension and disability pay. I divorced my spouse in 2006; she waived all rights to my current federal annuity, Thrift Savings Plan, etc., but does receive half of my military pension and the other half as spousal maintenance outlined in the divorce decree. Would it be legal to buy back my military service credit and convert…
Q. I was medically retired from the Air Force in 1994 with 19 years, 2 months, 11 days. I was hired for a civil service position Aug. 25, 1994. I also am a disabled vet (80 percent), and all of my retired pay is received from the Veterans Affairs Department. Would it benefit me to combine my military and civilian time? A. If you made a deposit to get credit for your active-duty service, it would be added to your years of civilian service and used in determining your eligibility to retire and in your annuity computation. Because you are a…
Q. I’m debating whether buying back my military time will be worth the cost, taking into consideration the changes to the FERS program. I have three years as a federal employee. I completed the deposit May 1, which gives me 23 years toward my retirement. However, I am unsure if I will fall under the current .8 FERS contribution rate or the new 2.3 contribution rate recently approved. I made my decision to buy back my time based on the old retirement system. Now I think I may have wasted my money. Can you provide some insight on where I…
Q. I worked from 1992 to 1995 as resident in VA. Human resources states that because it was after 1989 and I was covered under FICA, I cannot pay back to get credit under FERS. Is that true? A. Yes, it’s true. That’s because nondeduction service performed after Jan. 1, 1989, isn’t creditable. And a deposit can’t be made to make it so.
Q: I am sure that you have answered this question before — it seems so basic to me — but I could not find a comparable Q&A on your site. Here goes: I have 11 years, 2 months, 20 days of active Air Force service, no Guard or reserve (retired from Guard but I believe it’s irrelevant; no active time other than for training). I have been tentatively hired by DECA as a GS 4 (awaiting clearance paperwork). I don’t know anything about federal retirement plans, as I am not in one yet. How will the “buyback” of my time…
Q: I will retire this year from FERS at age 67 with continuous FERS service from 1987-present. I retired from active military duty 1966-1987 and have received military retirement since (22 years active military followed by 25 years FERS). I do not want to make a deposit and do not want to combine credit into FERS. I can keep them separate and receive both, correct? A: Yes.