Yes, a recent decision by OPM has authorized payment of interest under FERCCA for retirees. Retirees who have the opportunity to make an election under FERCCA and who elect a retirement plan that increases their annuity will be paid interest on the difference between the two rates. The interest will be retroactive to April 1, 2001, and will be paid up through the current date. The interest will be paid at the variable Treasury rate.
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