FERS Redeposit Act
Last action on Jun 6, 2001Referred to the Subcommittee on the Civil Service and Age...
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Summary
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 to deposit (in the Treasury to the credit of the Civil Service Retirement and Disability Fund) the amount that was so received, with interest.
Disallows the recapture of credit for service covered by the refund until such a deposit is made.
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