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Frequently Asked Questions Retirement

I'm ready to retire, and my agency just discovered I'm in the wrong retirement plan. Shouldn't it correct my records before I retire?

We've asked agencies not to correct any retirement coverage errors they discover if the employee has been in the wrong plan for at least 3 years. We want them to leave the employee in his or her current retirement plan, place a flag on the retirement application package, so that when OPM receives it, it can be readily identified as a FERCCA case requiring special handling. We won't hold up paying your benefits until you have an opportunity to choose. We'll put you on our benefit rolls. When we have all our counselors in place, we'll give you a chance to talk to a counselor, weigh the benefits of both retirement systems, and choose the one that best fits your needs.

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