Showing posts with label FERS Redeposit Act. Show all posts
Showing posts with label FERS Redeposit Act. Show all posts

Saturday, December 27, 2014

Authority to Redeposit Refunds under the Federal Employees Retirement System (FERS)

Article Title: Authority to Redeposit Refunds under the Federal Employees Retirement System (FERS)

Snippet of Article: "...Section 1904 of the NDAA now provides the authority for FERS employees who took a refund of their FERS deductions to make a redeposit of the amount refunded, plus interest. FERS employees who took a re fund of CSRS deductions covering CSRS service that is credited under FERS rules may also make a redeposit fo r that service to re - establish full retirement credit for that service. The FERS redeposit for refunded CSRS service will be based on the a ppropriate percentage of the employee’s basic pay that is required for credit under FERS as noted in the table below, plus interest. Interest for a FERS redeposit begins to accrue from the date the employee received the refund of the retirement deductions. ..."

Source: www.opm.gov

Monday, February 16, 2009

FERS Redeposit Act


Article Title: Ex-Workers Could Retain Credit for Federal Service
Snippet from Article: "..."This legislation is about enticing experienced federal employees to return to government service at a time when our nation needs its best and brightest the most," said Rep. James P. Moran Jr. (D-Va.), who introduced the bill on Tuesday. ..."
Source: www.washingtonpost.com
FERS Redeposit Act

[tag]Federal,Government,Military,Retiree, [/tag]