I'm retiring soon and I owe a deposit for the time I worked before I came under a retirement plan. How much I owe depends upon which retirement plan I choose. My agency told me to wait until I choose retirement plans before paying a deposit. I don't want to pay more interest on my deposit then I have to. What should I do?
Wait. Interest on a deposit does not accrue beyond your retirement date. Under FERCCA, you will not be harmed financially if you have to wait until you choose a retirement plan before you can pay your deposit.
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