3/30/10: If you left government service as a FERS participant and received a refund of your money, and are now back in government, a law passed last fall at NTEU’s urging will give you the opportunity to redeposit the amount refunded, plus interest and in return that time will be credited in your retirement computation. OPM’s Service Credit System is in the process of being modified to correct some technical issues and to include a FERS Redeposit module. Once the testing is completed and the new version is ready for production, OPM will begin processing FERS redeposits.

In the meantime, if an individual wishes to make a redeposit, he or she should use the current SF 3108. The individual must indicate on the application that the period of service was refunded. OPM does not want any payments from individuals at this time. The system has not yet been developed to take payments.

Check with the SEC's Human Resources Department for updates, and we will share whatever information we receive as well. Attached for your review are the original OPM bulletin sent out in January and the update entitled “FERS redeposits.”