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Deposits and Redeposits of Retirement Money for FERS Employees

FERS Redeposit

Air Traffic Controller
FAA
Mon Jul 7, 2008 10:28 PM

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I also withdrew my retirement about $2000.00 when I left federal service in 1988. I had four years service at the time. I lost forty eight months and received $41.00 for each month I lost. I was not informed then and today cannot believe the extraordinary penalty for my uninformed decision. I must work those four years again just to become eligible for retirement. I also have to keep my medical certificate for those last four years as an Air Traffic Controller to reach retirement. Assuming, I make it to retirement, I will lose 4 percent of my annuity for the rest of my life. Should I live to seventy- five, my loss of annuity will be in excess of eight thousand dollars. I cannot fathom congress would intend a penalty this harsh for such a minor mistake. This is like getting a $50,000 thousand speeding ticket except I didn't actually break in laws. All I did was withdraw my money from my retirement account assuming I could pay it back if I returned to the federal service.

WHAT IS THE CORRECT FORM FOR FERS DEPOSITS

MILIARY PAY TECH
DFAS INDIANAPOLIS CENTER
Thu Sep 18, 2008 11:28 AM

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I work under CSRS for over 10 years, left the goverment and return within 3 years. I was told that I had to go under FERS. After protested going under FERS, was told by HR that I had to go under FERS. About 10 years later I received a letter from HR stating that they made a mistake in not giving me the option to go under CSRS. I decided to stay under FERS. Three years ago I deposit military time 09/12/1968 to 09/12/1972, was told to use SF3108 FERS. This year I check on my retirement plan with the HR representative. At that time I decided to repay temp time from 09/20/1972 to 11/10/1972 and 12/04/1978 to 03/25/1979, was told to fill out SF3108. After 2 weeks I received a call from HR stating that I needed to reapply using SF2803 CSRS and that my military deposit needed to be recomputer using CSRS SF2803. Well what form should I use? On FERS SF3108 under Who Should Use This Form, it said if in FERS and want to repay CSRS time. I plan to retire on 12/31/2009

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