H.R.828 - FERS Redeposit Act

To amend chapter 84 of title 5, United States Code, to allow individuals who return to Government service after receiving a refund of retirement contributions to recapture credit for the service covered by that refund by repaying the amount that was so received, with interest. view all titles (2)

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Official: To amend chapter 84 of title 5, United States Code, to allow individuals who return to Government service after receiving a refund of retirement contributions to recapture credit for the service covered by that refund by repaying the amount that was so received, with interest. as introduced.
Short: FERS Redeposit Act as introduced.

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Anonymous 02/13/2009 3:47am

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↑ Overall Rating: 5.0 | 1 of 1 found useful.

This would be a wonderful incentive and benefit (in this economy) with a number of private industry employees returning (or looking to return) to the Federal Government. Employees return with an incredible amount of private industry experience, combined with prior Federal employment on increases insight and effectiveness when returning. I am willing and able to repay retirement funds with interest to regain my prior years of service! This is definately a “win-win” for all parties.