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FERS Redeposit Service
(Refunded Service) What Is FERS redeposit service? A redeposit is the service in which you contributed to the retirement fund and later received a refund of those contributions. A refund covering a period of service for which FERS deductions were withheld is not creditable for any retirement purpose. It is not possible to repay the refund to reestablish credit for the service. However, payment may be made for a refund that occurred prior to FERS coverage. If the service is credited under FERS rules, the employee must pay a deposit of 1.3 percent of the basic pay received during the period of refunded service, plus interest. However, if the service is part of a CSRS component, then href="http://www.myfederalretirement.com/public/100.cfm">CSRS redeposit rules apply.
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