Redeposit of FERS refund

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Q. I worked for the Veterans Affairs Department from 1991 to 1997 under FERS and took a refund. I am returning to federal employment in January. Can I redeposit with interest to acquire the 6½ creditable years?

A. Yes. According to the Office of Personnel Management, “If you receive a refund of FERS deductions and were covered by FERS on or after Oct. 28, 2009, you may repay (or redeposit) any FERS deductions previously refunded.”

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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