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Deposits and Redeposits of Retirement Money for FERS Employees

Needs More Info.

Tina
Leg. Branch Agency
Mon Apr 28, 2008 9:27 AM

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This article was poorly written. It did not provide enough background to be useful.

Military Deposits into FERS

Police Officer
Dept of Veterans Affairs
Mon Apr 28, 2008 9:43 AM

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How does the military deposit into FERS effect retirement, and what is the process? Will this effect my MRA? What is the cost?

Re: Military Deposits into FERS

HR Specialist
DOD - Title 32 (National Guard)
Tue Apr 29, 2008 1:02 PM
Title 10 Military service not covered by USERRA (typically prior to entering federal employment) completed under honorable conditions is considered potentially creditable and the FERS deposit rate is 3% of your base pay. Other military service (Title 32 is the most common) is only creditable if it is your inital active duty for training (basic training + AIT/Tech School) or if it is covered by USERRA. Typically USERRA covered time is when it interrupts your federal service. For that the deposit is the lesser of either 0.8% what you would have earned as a fed or 3% of your military base bay. Again the service must be characterized as honorable. Your servicing personnel office should be able to provide you with the info you need to send off for an estimate of your earnings and then establish the deposit.

Deposits and redeposits

Claims Examiner
U.S. Marine Corps
Mon Apr 28, 2008 10:14 AM

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(FERS) I had to redeposit after finding out from a pre-retirement class, I was in my 22nd year of working, it needs to be told to employees with the first start working as temps. I had to pay back roughly $800, most of it was interest, in the class they said I had a few option, let them take it out when I retire, payback now, or work and extra year.

Deposits

Chief, Planning and Policy Div.
US Army Corps of Engineers
Tue Apr 29, 2008 8:52 AM

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I plan to retire this year and I recently found out that I have an unpaid pre-1982 CSRS deposit of about $3,500 and that my annuity will be reduced by about $350 per year if I do not pay it. I have read several of your articles, however, I have not seen the answers to my questions: If I choose to pay this - how do I do it? When is the last opportunity to pay it. Thanks.

Re: Deposits

John Grobe
Federal Career Experts
Wed Apr 30, 2008 11:56 AM
Your HR office should provide you with all the necessary information.

You must pay it before OPM finalizes you annuity. It's actually better to pay it back before your last day.

FERS Redeposit

Medical Instrument Technician
Veterans Affairs
Wed May 14, 2008 11:50 AM

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Is there any way they will change the law for FERS redeposit? It sure would be a blessing if they would. When I cashed mine out, I was not informed of the consequences. Thank you.

FERS payback

Eng. Tech.
DOD
Fri Jun 20, 2008 8:47 AM

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I worked 5 years between 89 and 94, quit then came back gov. in 99. I don't remember a payout and can-not find out through EBIS or any web sites whether I need to "pay back" any amount. Can I find this information on-line if I cashed it out when I quit? I'd rather pay it now then in 10 years. Thanks.

FERS rights to redeposit money

Admin Assistant
DHS
Mon Jul 7, 2008 8:44 AM

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I feel that FERS should have the option to redeposit money to their retirement same as CSRS had.
When I left the government no one explained that I should leave my FERS alone. I was just sent a package with a lot of papers and told to sign where there were "X"s and return the package to headquarters. I had 12 years of service in and if I had an HR person to explain everything to me then I would have left my retirement alone. Now I'm starting all over and I won't be able to work long enough to get my 20 years in.

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