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§ 831.2107 Payments on deposits
Regulation
5 CFR 831.2107
Text
12 passages
5 CFR 831.2107(a)(a) Deposits made to agencies, the Clerk of the House of Representatives or the Secretary of the Senate.
5 CFR 831.2107(a)(1)(1) Deposits made to agencies, the Clerk of the House of Representatives or the Secretary of the Senate shall be collected in full in one lump sum whenever this is possible. Notwithstanding the provisions of paragraph (a)(2) of this section, a separated employee who, through administrative error, did not make or complete the deposit prior to his or her separation must complete the deposit in a lump sum within the time limit set by OPM when it rules that an administrative error has been made.
5 CFR 831.2107(a)(2)(2) If the employee or Member cannot make payment in a lump sum, the agency, the Clerk of the House of Representatives, or the Secretary of the Senate shall accept installment payments (by allotments or otherwise). However, agencies, the Clerk of the House of Representatives, and the Secretary of the Senate will not be required to accept individual checks in amounts of less than $50.
5 CFR 831.2107(a)(3)(3) If the employee or Member dies, the employing agency, the Clerk of the House of Representatives or the Secretary of the Senate shall advise the survivor of the right to make or complete a deposit. If the survivor decides to make or complete the payment, the agency, the Clerk of the House of Representatives, or the Secretary of the Senate shall collect the amount due in one lump sum.
5 CFR 831.2107(a)(4)(4) Payments received by the employing agency, the Clerk of the House of Representatives, or the Secretary of the Senate shall be remitted immediately to OPM for deposit to the Fund.
5 CFR 831.2107(a)(5)(5) Once the employee's, Member's, or survivor's deposit has been paid in full or closed out, the employing agency, the Clerk of the House of Representatives, or the Secretary of the Senate shall submit documentation pertaining to the deposit to OPM, in accordance with instructions published by OPM issuances.
5 CFR 831.2107(a)(6)(6) Deposits must be made for full periods of service.
5 CFR 831.2107(b)(b) Deposits made to OPM.
5 CFR 831.2107(b)(1)(1) Deposits made to OPM shall be made in a lump sum prior to final adjudication of the application for retirement or survivor benefits.
5 CFR 831.2107(b)(2)(2) Deposits must be made for full periods of service.
5 CFR 831.2107(c)(1)(c)(1) When an administrative error occurs by the employing agency in calculating or processing a military service deposit, interest assessed as a result of the administrative error may be paid by the agency, the Clerk of the House of Representatives, or the Secretary of the Senate on behalf of the employee. The agency, Clerk of the House of Representatives, or the Secretary of the Senate will determine if administrative error occurred.
5 CFR 831.2107(c)(2)(2) When an administrative error occurs by OPM in calculating or processing a military service deposit, interest assessed as a result of the administrative error may be paid by OPM on behalf of the employee. OPM will determine if administrative error occurred. Any payment of additional interest of behalf of the employee is paid from the Civil Service Retirement and Disability Fund.
About
- Type
- Regulation section
- Citation
- 5 CFR 831.2107
- Last amended
- 2021-04-20
Amendment history
- 2021-04-20Payments on deposits
- 2017-01-01Payments on deposits
Cited by
- Civil Service Retirement System and Federal Employees Retirement System; Correcting Miscalculations in Veterans' Pension ActFederal Register · 2021-04-20
- Civil Service Retirement System and Federal Employees Retirement System; Correcting Miscalculations in Veterans' Pension ActFederal Register · 2020-11-05
- Miscellaneous Changes in Office of Personnel Management's RegulationsFederal Register · 2001-12-27