Q. I recently had to choose between CSRS Offset and FERS due to an error made in my human resources department. I was classified as an intern or temp for the years 1982 through 1984 and erroneously put in CSRS versus FERS. I have since chosen CSRS Offset.
As a result of their mistake, it has been brought to my attention that this error has also uncovered two years where I did not contribute to a retirement system (only FICA). I now have the option of buying back the two years. However, what was once an $800 bill, has now ballooned to $5,000 due to 30 years of interest. Is my agency responsible/capable for waiving part or all of the interest accrued due to the error it made?
A. No, there isn’t any provision in law that would permit the waiver of all or part of the payment due.