By Reg Jones
Refund on military deposit
June 29th, 2012 | Uncategorized
Q. I’m a CSRS employee. I am eligible for retirement. I’ve passed my 62nd birthday and will not have enough quarters to be eligible for Social Security. I have heard different accounts of whether there is a way to get a refund on the money I paid to buy back my six years of military service time.
Since I will not be eligible for Social Security and I paid the full amount to be sure I would be able to get credit for my military service, is there a way to get a refund on the nearly $8,000 I paid, for which seemingly I will derive no benefit? Is there a place in the U.S. Code (or similar) which clarifies this?
A. No, there isn’t any way you can get a refund of your deposit.
Tags: benefit, buyback, deposit, Eligibility, military, refund, Social Security quarters
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