Ask The Experts: Retirement

By Reg Jones

Using retirement funds before retiring

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Q. I have more than 42 years of service, and I am still working. Each pay period, federal retirement funds are still being taken from my paycheck. Where are these funds going? Can I use them while still working?

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Refund on excess CSRS contributions

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Q. I read recently on the Q&A about the opportunity to purchase additional annuity not subject to the 80 percent limit for CSRS employees with more that 41 years and 11 months. How does that work? I will have 41 years and 11 months in October, and I am planning to work beyond that. I thought the only way to add more than 80 percent was with excess sick leave (which I don’t have). Would this additional annuity be in lieu of the refund?

A. Yes. To see how it works, read my March 5 column, available at http://blogs.federaltimes.com/federal-retirement/2012/03/05/several-options-can-help-supplement-maximum-annuity.

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