OPM will reimburse out-of-pocket expenses such as payments of additional Social Security taxes, payment of additional retirement deductions, and other out-of-pocket expenses that you incurred because of a retirement coverage error.
OPM cannot pay you for claimed losses related to lost investment opportunities. Claimed losses related to forgone contributions and earnings under the Thrift Savings Plan (TSP) won't be paid as out-of-pocket expenses. Lost earnings on make-up contributions to the TSP will be paid directly to your TSP account by your employing agency.
Yes, if you choose CSRS Offset coverage, you can get credit for that deposit service by taking an actuarial reduction. That's because the nature of the service changes from FERS to CSRS time when you elect CSRS Offset coverage. If you remain in FERS, you will have to pay a FERS deposit before you can get credit for the service time. You would not be eligible for the actuarial reduction.
Before you're asked to choose retirement plans, OPM will give you information about your benefits under both CSRS Offset and FERS. They will tell you how much you owe under both. They will also explain how payment of a deposit and the actuarial reduction will affect your benefit.
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