Readers' Comments
Total Comments: 18
Page 2 of 3
Page 2 of 3
CSRS Employees and Redepositing Retirement Funds
Total Comments: 18
Page 2 of 3
Page 2 of 3
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| Close | Change | YTD | |
| G | $13.2114 | +0.0012 | +0.70% |
| F | $13.6201 | -0.0062 | +2.14% |
| C | $13.8116 | -0.0706 | +4.49% |
| S | $17.9282 | -0.1903 | +8.91% |
| I | $18.5079 | -0.0782 | -0.16% |
| Close | Change | YTD | |
| L 2040 | $16.1968 | -0.0789 | +3.59% |
| L 2030 | $15.9593 | -0.0673 | +3.23% |
| L 2020 | $15.7365 | -0.0532 | +2.72% |
| L 2010 | $15.4595 | -0.0197 | +1.57% |
| L Income | $14.0856 | -0.0155 | +1.48% |
March 21, 2010
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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?
Federal Workmens Compensation
Veterans Administration
Sat Feb 14, 2009 12:42 AM
Post Reply
I was injured at work 12/27/1991 and was continually on Federal Workmens Compensation. I returned to work 5/20/2001. My service record is unbroken. However, during the time I received Workmens Compensation, I did not contribute to Federal Retirement. I now have 33 years of service and plan to retire in three years. Will this period of time on Workmens Compensation affect my high three years and the amount I will receive for my retirement? Thank You.
csrs offset with partial withdrawal
postal
Fri Jun 19, 2009 1:01 AM
Post Reply
I worked under CSRS for 10 years. I withdrew the
amount. This was 1975-1985. I returned to the PO
under CSRS offset in 1993. I will be eligible to retire
in 2010. I was not ever asked to re-deposit the money
or told what the amount is. I cannot figure out how
to calculate any change this would make to the amount
of my monthly retirement annuity.
Redeposit
HUD
Mon Aug 31, 2009 10:17 AM
Post Reply
How would you advise a person to pay back what they owe in redeposit. Where would a person take out loan for amount of the redeposit.
No Redeposit Balance
VA
Wed Sep 23, 2009 8:18 PM
Post Reply
A year or so ago OPM stopped giving receipts for CSRS redeposits. Something about their new computer program. I stopped making my redeposits because I didn't know if they were really being credited. Now Pay.gov can be used to make online payments. It gives an email receipt, but still not getting balance still owed. So I know they're getting the money, but when will they ever start again giving running balances like they originally said they would?