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Awesome!!! Thanks everyone, makes a lot more sense when you have numbers to work with, looks like I'll keep my funds in FERS and go with the annuity track down the road.

Thanks again for everyone's help and input.

Sorry I haven't responded, been super busy, but I have read through the rest of the post up to this point and appreciate everyone's input. Still at a loss for the best course of action, but for hypothetical sake let's say I leave it and take the annuity... Estimate my High-3 at $91,500 x 1% x 7 years of service, is this the right calculation??? I'm just looking for either a yearly sum or monthly estimated sum for my annuity payments. Thanks

My apologies, but I thought the questions that I asked were pretty specific, but to add, this is about FERS only and questions related to the SF3106 Form. There is only about $26K in Cumulative Retirement (FERS)(My Contributions), which makes doing a retirement annuity kind of a moot point. I believe the money should be taken out and put elsewhere to keep making money for the next 7 years, but that's just me.

sep wrote: ↑Mon Jan 23, 2023 11:43 pm Some additional considerations; How are the fees in the Voya Financial ECAP vs the TSP and are your investment options at least as good as the TSP? If TSP gives you a better deal, then you may want to just leave it there. If not, then rolling over the TSP might make sense.

Is the Voya Financial ECAP a qualified employer sponsored plan which will afford you the same legal protection from bankruptcy and lawsuits as the TSP?

Lastly, I understand your general situation, I retired from active duty after 20 years in 2004 and have worked in Civil Service first with the Air Force and now with the Army since 2005. Went down the contractor trail from 2004-2005 too.

Not talking about TSP, just FERS...

Why don’t you get credit for the 22 years in the military toward your CS time? I know many who have done that. It takes time (like 12 months for paperwork to be routed around for signatures), but may be very worth it in the end. In addition, you can pay a deposit of 1.3% of the pay you received for your military service plus annual interest for the 7 years since you left the military to receive an annuity of 1% of highest pay x 29 years of service. It might end up to be about $10,000. Again, do the math to see if it's worth it. If your high 3 average pay is $50,000, that is $14,500 per year. if you buy the military time back, then my understanding is you have to give up your military retirement pay, to get the CS retirement pay for the sam...

shunkman wrote: ↑Mon Jan 23, 2023 12:50 pm You might have better luck calling OPM for help with these issues.

This is part of the other issue, on hold forever and a day or leave a message and never call me back...

Hello everyone, I was searching on Google and fell upon this site since it had some of the best advice pertaining to FERS pensions. I need some further advice that was not commented on with continued searching, see further information/questions below: Background Info I'm 53, retired military (22 yrs), completed 7 years of Civil Service before moving to contractor job in Nov 2022. Decided I didn't want to work until I'm 66 to get to 20 years CS (Yes, I know I could've completed 3 more to get to 10 yrs, but this contractor job allows me to be partially retired by 60 and I'm NOT going back to CS EVER...). With the new contractor position I have a Voya Financial ECAP in which to rollover my FERS. I have my OPM SF3106 Form fully filled out with ...