Q. I worked for the Army Corps of Engineers as a civilian from Aug. 27, 1979, to July 30, 1982. When I left, I took the retirement funds. On June 22, 1985, I was hired into the Postal Service as a FERS employee. I recently redeposited the funds plus interest, and my new service computation date reflects the adjustment — now July 18, 1982. However, my annuity computation date does not reflect corrections — it is still June 22, 1985. Is this correct? If so, what benefit did I gain by making the redeposit? A. No, it isn’t correct. Because…
Browsing: Retirement redeposits
Q: My wife is a government employee who was reinstated from former government service (she resigned in 1993). She entered government service in 1980 and was under the old retirement service. She resigned to have a child in 1984 and withdrew her retirement. She was reinstated in 1986 and came under the new retirement system. She again resigned and was reinstated in 2009. She has more than 13 years of government service. Can she pay back the retirement she received plus contributions she would have made over the years to fall back into the old retirement system? A: She may…