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OPM | RIN: 3206-AO07 | Publication ID: Spring 2021 |
Title: Civil Service Retirement System and Federal Employees Retirement System; Correcting Miscalculations in Veterans' Pension Act | |
Abstract:
The Office of Personnel Management (OPM) is issuing this proposed rule to implement the provisions of Public Law 115-352, 132 Stat. 5067 (2018) (codified at 5 U.S.C. 101). This Act is also known as the Correcting Miscalculations in Veterans’ Pensions Act. This Act provides authority for agencies to pay, at their discretion, interest on certain deposits when additional interest was assessed due to administrative error. Agencies need to establish their own guidelines for waiver, probably subject to funding limitations that may prevent reimbursement. These regulations pertain to payments made by OPM with regard to service credit deposits for volunteer service. |
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Agency: Office of Personnel Management(OPM) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 5 CFR 831 5 CFR 842 | |
Legal Authority: 5 U.S.C. 101 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jane Bancroft Retirement Services Office of Personnel Management 1900 E Street NW, Washington, DC 20415 Phone:202 606-0299 Email: jane.bancroft@opm.gov |