Q. I worked as a temp from 1989 to 1994, when I was finally hired permanent, paying into FERS. What measure was passed disallowing me to deposit (make up) my FERS payment after Jan. 1, 1989? I’m losing five years toward my FERS retirement date while others before 1989 are allowed to buy back. It doesn’t seem fair that some can buy back their temp time and other can’t. I suspect during the hiring freeze in those days, there would be too many buying back those years, correct?
Browsing: nondeduction service
Q. I started at the Transportation Security Administration in late June of 2002 with a temporary appointment for which time there were no retirement deductions. I was then made permanent in November 2002. Can I buy back the six months of temporary time so that it will be added to my government service for computation of my FERS pension? A. Nondeduction service performed on or after Jan. 1, 1989, isn’t creditable for either eligibility or computation purposes, nor may you make a deposit to get credit for it.
Q: I can retire in February with 31 years of service under the Civil Service Retirement System as a part-time/flex employee in the U.S. Postal Service. My “high-3” years were from 2006-2009. Will they use these years to calculate my annuity? Is it always the last years? Is it always three consecutive years, or is it the highest consecutive three years? As a PTF, my hours changed yearly as to how many offices I worked in. Also, when I was hired in 1979, I never heard of “buying back” or anything related. Since I made no deposits, or didn’t know…
Q: I worked in a federal job as a temporary employee where no retirement deductions were taken out for seven years. I was then converted to a permanent employee. I am now 62 years old with 33 years of federal service and a service computation date of 1977. I am looking at retirement but I am reading about the requirement to pay a deposit back so that my annuity will not be reduced by 10 percent. How do I go about determining what that amount is, and how do I pay it back? A: Because your period of nondeduction service…
Q: I’m under the Civil Service Retirement System and have a period of about one year of nondeduction service immediately prior to Oct. 1, 1982. I also have about a year of nondeduction service starting Oct. 1, 1982. Which would it make more sense to make a deposit for, the year prior to Oct. 1, 1982, or the year commencing on that date? A: For nondeduction service performed before Oct. 1, 1982, you have the option of making a deposit and having your annuity reduced by 10 percent of the amount that would have been deducted from your salary plus…