Ask The Experts: Retirement

By Reg Jones

Term appointments

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Q: Am I right that my two, four-year term positions will count for retirement and after five years of continued employment I can keep my insurance? I am asking if my understanding is correct.

A: If you were later appointed to a CSRS-covered position, those term positions will count toward an annuity if you make a deposit for that time to the retirement fund. If you were later appointed to a FERS-covered position, only term service performed before Jan. 1, 1989, would be creditable with a deposit. Term positions entered into on or after Jan. 1, 1989, aren’t creditable for any retirement purpose nor can you make a deposit to get such credit.

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Comments

  1. Skepticus Says:
    June 28th, 2011 at 12:31 pm

    Not sure this is accurate; believe term appointees were given the option of participating in FERS post-1989. But they can’t buy back the time if they elect to do social security only.

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