CSRS Retirement Repayment Technical Correction Act of 2006
Summary
This bill aims to fix a technical oversight affecting federal employees and Members of Congress who are part of the Civil Service Retirement System (CSRS). Specifically, it would waive the requirement for these individuals to pay back interest on retirement contributions they withdrew during a brief five-month window between late 1990 and early 1991. By removing this interest penalty, the legislation ensures that affected individuals can receive their full retirement credit for that period of service without facing an unexpected financial burden.
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