FERS redeposit


Q. Have you heard when OPM might come up with some guidelines regarding FERS redeposit? When I try to contact OPM, they just say there are no guidelines yet and to contact your agency’s retirement section. When I contact my agency’s retirement section, they say OPM doesn’t have any guidelines yet. So my question is, any idea when we might hear something?

A. I don’t have a firm date. However, effective immediately, OPM is accepting the current FERS Application to Make a Deposit, SF 3108, from employees wanting to make a FERS redeposit. You must indicate on the application that the period of service was refunded. They don’t want you to submit a payment with your application because if you do that before OPM calculates the deposit amount and establishes an account , they won’t have any way of identifying the payment and applying it correctly.


About Author

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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