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OPM proposes rule to fix the burden of vets’ miscalculated pensions
Federal Times: Feds that served in the armed forces, Peace Corps and Volunteers in Service to America will no longer be on the hook for agency miscalculations of their retirement deposits under a proposed rule issued by the Office of Personnel Management Nov. 5.
In order for veterans currently working in the federal government to count their time serving in the military toward their retirement under either the Civil Service Retirement System or the Federal Employees Retirement System, those employees must pay a deposit with interest for that time to the government.
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