110-H.R.2533

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.

5/24/2007--Introduced.

FERS Redeposit Act - Allows each federal employee who has returned to government service and who has received a refund of retirement contributions under the Federal Employees' Retirement System (FERS) (or any other retirement system established for federal employees covering service for which such employee or Member may be allowed credit under FERS provisions) to deposit (to the credit of the Civil Service Retirement and Disability Fund) the amount that was so received, with interest. Allows deposits in one or more installments.

Disallows the recapture of credit for service covered by the refund until such a deposit is made.

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