Retirement Coverage Error Correction Provisions of FERCCA

Type of Error

Retirement Benefit Options

What happens to Social Security

What happens to Thrift Savings Plan

Erroneously Put In:

Correct Coverage Is:

CSRS

FERS

Choice between FERS and CSRS Offset coverage.*

Erroneous CSRS contributions are reallocated to Social Security.

If you choose FERS, you may make make-up contributions. Lost earnings are paid on make-up contributions.

CSRS Offset

FERS

Choice between CSRS Offset and FERS. *

No change.

CSRS Offset

CSRS

None. Correction to CSRS.

Social Security coverage terminates.

No change.

CSRS

CSRS Offset

None. Correction to CSRS Offset.

Erroneous CSRS contributions are reallocated to Social Security.

FERS

CSRS

Choice between FERS and CSRS coverage. *

If you choose CSRS, Social Security coverage terminates.

If you choose CSRS, your contributions and earnings remain in your account. Government contributions and earnings are removed from your account.

FERS

CSRS Offset

Choice between FERS and CSRS Offset coverage. *

No change.

If you choose CSRS Offset, your contributions and earnings remain in your account. Government contributions and earnings are removed from your account.

CSRS

Social Security

Choice between CSRS Offset and Social Security. *

Erroneous CSRS contributions are reallocated to Social Security.

If you choose Social Security, you may keep your contributions and earnings. Government contributions and earnings are removed from your account.

FERS

Social Security

Choice between FERS and Social Security coverage. *

No change.

CSRS Offset

Social Security

Choice between CSRS Offset and Social Security. *

Social Security

CSRS

None. Correction to CSRS.

Social Security coverage terminates.

You may make make-up contributions. Lost earnings are paid on make-up contributions.

Social Security

CSRS Offset

None. Correction to CSRS Offset.

No change.

Social Security

FERS

None. Correction to FERS.

* Most retirement benefit options require that you were in the wrong retirement plan for at least 3 years.

2000 Benefits Administration Letters | BORC Home Page | OPM Home Page

 

Page created 28 July 2000