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roguerabbit  
#1 Posted : Tuesday, February 15, 2022 12:06:56 PM(UTC)
roguerabbit

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I'm resigning from my position due to family needs (I need to be home for the fam). I'm short 9 months before reaching my 5th year so I'm upset considering I also have 4 years of military buy-back that cannot be counted. My questions are:

If our family conditions change, can I go back to my federal job? Or is there a minimum time before I can reapply?
thanks 1 user thanked roguerabbit for this useful post.
djp on 2/21/2022(UTC)
djp  
#2 Posted : Monday, February 21, 2022 8:02:21 PM(UTC)

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Originally Posted by: roguerabbit Go to Quoted Post
I'm resigning from my position due to family needs (I need to be home for the fam). I'm short 9 months before reaching my 5th year so I'm upset considering I also have 4 years of military buy-back that cannot be counted. My questions are:

If our family conditions change, can I go back to my federal job? Or is there a minimum time before I can reapply?


After 3 yrs you have status.

You don’t lose the buy back option.

You would be eligible to reapply on ststus positions. You need to save your profile SF 50s

thanks 1 user thanked for this useful post.
roguerabbit on 2/22/2022(UTC)
roguerabbit  
#3 Posted : Tuesday, February 22, 2022 3:53:48 AM(UTC)
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Originally Posted by: djp Go to Quoted Post
Originally Posted by: roguerabbit Go to Quoted Post
I'm resigning from my position due to family needs (I need to be home for the fam). I'm short 9 months before reaching my 5th year so I'm upset considering I also have 4 years of military buy-back that cannot be counted. My questions are:

If our family conditions change, can I go back to my federal job? Or is there a minimum time before I can reapply?


After 3 yrs you have status.

You don’t lose the buy back option.

You would be eligible to reapply on ststus positions. You need to save your profile SF 50s




I thought one needs 5 years to be vested. Can you clarify what you meant by having a status after 3 years?

How do I save my profile in SF50?

GWPDA  
#4 Posted : Tuesday, February 22, 2022 5:45:53 AM(UTC)
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As is frequently the case, referring to OPM provides your answer. https://www.opm.gov/poli...formation/reinstatement/ The keyword is 'reinstatement'.
thanks 1 user thanked GWPDA for this useful post.
roguerabbit on 2/22/2022(UTC)
roguerabbit  
#5 Posted : Tuesday, February 22, 2022 6:20:38 AM(UTC)
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More questions:

What will happen to my FERS account since I'm not vested? Would be the same amount in FERS be saved when I come back? Thank you!
TheRealOrange  
#6 Posted : Tuesday, February 22, 2022 9:11:38 AM(UTC)
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Originally Posted by: roguerabbit Go to Quoted Post
More questions:

What will happen to my FERS account since I'm not vested? Would be the same amount in FERS be saved when I come back? Thank you!

As long as you don't withdraw your FERS retirement contributions when you leave federal service, they will exist as they are now if/when you are ever reinstated. If you do withdraw them, you are now able to make a redeposit (plus interest) if you are rehired. That was not true prior to 2009. From OPM:

Redeposit

A redeposit is the repayment of retirement deductions that were previously withheld and refunded to you, plus interest.

If you Received a Refund of Your Retirement Deductions

If you receive a refund of FERS deductions and were covered by FERS on or after October 28, 2009, you may repay (or redeposit) any FERS deductions previously refunded. You may also redeposit any CSRS deductions previously refunded that covered CSRS service and is now credited under FERS rules.

Interest is charged from the date of the refund and compounded annually. Interest is charged to the date full payment is made or the date annuity begins, whichever is earlier. For more information, view Interest Rates. If you do not pay for a period of this type of service, you will receive credit in determining your eligibility to retire but will not receive credit for this service in computing your retirement benefit.

https://www.opm.gov/reti...tion/creditable-service/
thanks 1 user thanked TheRealOrange for this useful post.
roguerabbit on 2/22/2022(UTC)
roguerabbit  
#7 Posted : Tuesday, February 22, 2022 10:36:14 AM(UTC)
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Originally Posted by: TheRealOrange Go to Quoted Post
Originally Posted by: roguerabbit Go to Quoted Post
More questions:

What will happen to my FERS account since I'm not vested? Would be the same amount in FERS be saved when I come back? Thank you!

As long as you don't withdraw your FERS retirement contributions when you leave federal service, they will exist as they are now if/when you are ever reinstated. If you do withdraw them, you are now able to make a redeposit (plus interest) if you are rehired. That was not true prior to 2009. From OPM:

Redeposit

A redeposit is the repayment of retirement deductions that were previously withheld and refunded to you, plus interest.

If you Received a Refund of Your Retirement Deductions

If you receive a refund of FERS deductions and were covered by FERS on or after October 28, 2009, you may repay (or redeposit) any FERS deductions previously refunded. You may also redeposit any CSRS deductions previously refunded that covered CSRS service and is now credited under FERS rules.

Interest is charged from the date of the refund and compounded annually. Interest is charged to the date full payment is made or the date annuity begins, whichever is earlier. For more information, view Interest Rates. If you do not pay for a period of this type of service, you will receive credit in determining your eligibility to retire but will not receive credit for this service in computing your retirement benefit.

https://www.opm.gov/reti...tion/creditable-service/



I don't intend on withdrawing any of it. I didn't even think that I can given that I haven't even reached my 5th year in federal service.

-Can a person with less than five years withdraw his or her FERS money?




regjoe4544  
#8 Posted : Wednesday, June 15, 2022 12:07:00 PM(UTC)
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Originally Posted by: roguerabbit Go to Quoted Post
Originally Posted by: djp Go to Quoted Post
Originally Posted by: roguerabbit Go to Quoted Post
I'm resigning from my position due to family needs (I need to be home for the fam). I'm short 9 months before reaching my 5th year so I'm upset considering I also have 4 years of military buy-back that cannot be counted. My questions are:

If our family conditions change, can I go back to my federal job? Or is there a minimum time before I can reapply?


After 3 yrs you have status.

You don’t lose the buy back option.

You would be eligible to reapply on ststus positions. You need to save your profile SF 50s




I thought one needs 5 years to be vested. Can you clarify what you meant by having a status after 3 years?

How do I save my profile in SF50?



After 3 years of service you get permanent career status. You get lifetime re-instatement to comeback. So you can apply as a status candidate for life. Less than 3 years of service and I believe you only get 3 yrs of return (status candidacy)
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