Human Resources Division (HRD) - Benefits - National Defense Authorization Act (NDAA) for Fiscal Year 2010 - Authority to Deposit Refunds under FERS |
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Authority to Deposit Refunds under FERS
Previously, when a FERS employees left Federal service and received a refund of their retirement contributions, the service, for which the refund was received, was no longer creditable to determine retirement eligibility or used for computation of an annuity. The NDAA grants the authority for rehired FERS employees, who have received a refund of their FERS retirement contributions, to redeposit the amount of the refund, plus interest, and receive retirement credit for that period of service.