Readers' Comments
Total Comments: 13
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CSRS Employees and Redepositing Retirement Funds
Total Comments: 13
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| Close | Change | YTD | |
| G | $12.7116 | +0.0013 | +3.51% |
| F | $12.1775 | +0.0497 | +2.07% |
| C | $9.4002 | -0.9235 | -43.24% |
| S | $10.4051 | -1.2566 | -47.42% |
| I | $12.2414 | -0.9997 | -50.56% |
| Close | Change | YTD | |
| L 2040 | $11.1768 | -0.8749 | -38.72% |
| L 2030 | $11.4481 | -0.7783 | -34.24% |
| L 2020 | $11.8446 | -0.6618 | -28.86% |
| L 2010 | $13.2444 | -0.3625 | -14.33% |
| L Income | $12.4113 | -0.2200 | -7.86% |
December 2, 2008
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Re-Deposit
Dept. of Commerce
Fri Sep 5, 2008 8:12 AM
Post Reply
I left the government for two years and returned in 1985. I have almost 37 years of government service and now have been told that since I did not pay back what I took out plus interest I now owe the government more than $35,000! I unfortunately came back the year when the interest rates were the highest. The worst part is when I returned no one in HR told me about the repayment option. Many of my co-workers are facing the same thing and were never told. Even HR said that they do not make it a habit to inform returning employees about the payback. Not a nice way to end my long government career.
Whose on first ...
IRS
Tue Sep 9, 2008 9:30 AM
Post Reply
If you left in 1981 and pulled your 7 years of CSRS retirement and returned as FER employee in 1995, the article says they will count the CSRS years and reduce annuity by actuarial amount for amount pulled plus 3% annual interest. What I don't read is are those CSRS year retirement annunity calculated at the CSRS formula or FERS formula and what high-3 are used ... the high three under CSRS in 1981 or current high-3 under FERS.
Partial withdrawal of retirement funds
Dept of the Army (Brooke Army Medical Center
Wed Oct 8, 2008 12:32 PM
Post Reply
I made a withdrawal of $6,000 from my rretirement funds for a hip replacement surgery recovery. I am a SCRS employee. First, what would be the impact on my annuity (I am 54 with 25 years federal service)? Second, how do I arrange to pay this amount back, and what would be the impact if I don't?