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United States Office of Personnel Management

The Federal Government’s Human Resources Agency

Benefits Administration Letter 

Number: 23-307 Date: August 2023

Subject: Instructions for Agencies’ Payments to the Civil Service 

Retirement and Disability Fund for Voluntary Early Retirement 

Authority and Voluntary Separation Incentive Payments 

The purpose of this Benefits Administration Letter (BAL) is to inform you that the processing 

cost payments to the Civil Service Retirement and Disability Fund (CSRDF) for Voluntary Early 

Retirement Authority (VERA) retirements and retirements with Voluntary Separation 

Incentive Payment (VSIP) are to continue under the Consolidated Appropriations Act, 2023. 

The average unit cost of processing VERA retirements and retirements with a VSIP for Fiscal 

Year (FY) 2023 is $694.19 per claim. This unit cost is used to determine the amount the 

employing agency must pay into the CSRDF. 

Enclosed are instructions on the methods available for your agency to remit payment in FY 

2023 to OPM for deposit into the CSRDF for VSIPs and VERAs processing costs. For 

reconciliation purposes, the monies for prior years must NOT be commingled with FY 2023. 

You must report each year separately (i.e., FY 2022, FY 2023, etc.) 

If you have questions about this letter, please send an email to FinancialBALs@opm.gov. We 

look forward to assisting you.

Enclosure
Benefits Administration Letter 23-307

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Instructions 

Instructions to remit payment to OPM for deposit into the CSRDF for VSIPs and VERAs 

processing costs. Remittance amount is $694.19 per case.

To facilitate the reconciliation of payments, agencies must submit the remittances, not

payroll providers. If it is not practical for an agency to submit the remittances, and a payroll 

provider submits payments, they must indicate the Agency Location Codes and Payroll Office 

of the agency or agencies for which they are submitting the remittance. 

Payment Methods 

1. Intra-governmental Payment and Collection (IPAC)

2. FEDWIRE (non-IPAC users)

3. Automated Clearing House (ACH) Credit (non-IPAC users)

Remittances via IPAC 

Agencies that have access to Treasury’s IPAC Systems must remit $694.19 per Voluntary Early 

Retirement Authority (VERA) and Voluntary Separation Incentive Payment (VSIP) case to OPM

using the following IPAC parameters:

• Agency Location Code (ALC): 24000002

• Receiver’s Treasury Account Symbol (TAS): AID: 024 Main: 8135 A: X Sub: 002

• Receiver’s Business Event Type Code (BETC): COLAVRCT

• Receiver’s Standard General Ledger: Debit 1010 and Credit 5400

• Description: VERA/VSIP and total amounts applicable to CSRS and FERS respectively.

• Point of Contact: Include the name and email address of the person who is familiar

with paying the VERA/VSIP costs.

In addition to the information above, agencies should email a scanned copy of the 

remittance, along with the appropriate Remittance Report, to the email addresses identified 

in the “Remittance Report” section (see Attachment 1A, 1B, and 1C).

Remittances via FEDWIRE 

Agencies that do not have access to IPAC should remit via FEDWIRE for the amount due. A 

scanned copy of the remittance, along with the appropriate Remittance Report, must be sent

to the email addresses identified in the “Remittance Report” section. FEDWIRE instructions

are included as Appendix 1 of this instruction. 
Benefits Administration Letter 23-307

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Remittances via ACH Credit 

Agencies that do not have access to IPAC or FEDWIRE should remit via ACH Credit. To 

validate proof of payment, please also submit a scanned copy of the remittance, along with 

the appropriate Remittance Report, to the email addresses identified in the “Remittance 

Report” section below. ACH Credit instructions are included in Appendix 2. 

Payment Timing 

Payments, regardless of the method, should be sent no later than 45 calendar days after the 

end of the month in which the employee retires. Payments should be submitted monthly. For 

example, payments for retirements between December 1 and December 31, 2022, should be 

sent by February 15, 2023. 

Individual Retirement Records 

Agencies must annotate the Individual Retirement Records (SF 2806 and SF 3100) in the 

remarks column under the “Service History” section with the legal authority for each VERA or 

VSIP when submitting retirement paperwork.

Remittance Report 

All agencies must submit certified Remittance Reports using the Attachments, which show 

the payroll office number(s) and Agency Location Code (ALC). Please note – the 3-page 

Enclosure has separate Remittance Report forms for FY 2023 VERAs, FY 2023 VSIPs, and FY 

2023 VERAs with VSIPs. The totals on each Remittance Report must agree with the amount of 

the IPAC, Electronic Fund Transfer (EFT), FEDWIRE, or ACH Credit. OPM will use these reports 

for validation purposes to ensure agencies have remitted payments correctly.

All reports, along with a copy of the remittance, must be emailed to OPM within five (5) 

business days from the date of the IPAC, EFT, FEDWIRE, or ACH Credit remittance using the

following email addresses: Kamini.Mathur@opm.gov and Rosetta.Goode@opm.gov, with a 

copy to FinancialBALs@opm.gov. 

Inquiries 

If you have any questions about this requirement, please send an email to 

FinancialBals@opm.gov.
Benefits Administration Letter 23-307 

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Appendix 1: FEDWIRE Instructions 

United States Office of Personnel Management 

Fedwire Field Tag Fedwire Field Name Required Information 

{1510} Type/Subtype 1000 

{2000} Amount (Enter payment amount.)

{3400} Receiver ABA routing number *The 

financial institution address for Treasury’s 

routing number is 33 Liberty Street, New York, 

NY 10045

021030004 

{3400} Receiver ABA short name TREAS NYC 

{3600} Business Function Code CTR (or CTP) 

{4200} Beneficiary Identifier (account 

number)

(Enter 8-digit ALC or 12-digit Credit 

Gateway account #. OPM2’s 8-digit ALC is 

24000002. OPM2’s Credit Gateway 12-digit 

account # is 824000002001.) 

{4200} Beneficiary Name OPM2 (Make sure to enter “OPM2” and not 

just “OPM,” as there are several ALCs 

associated with OPM.)

{5000} Originator (Enter the name of the payor/remitter. If 

you are a federal agency with a Payroll 

Office Number, also enter your PON 

number.)

{6000} Originator to Beneficiary Information 

– Line 1

(Enter information to identify the purpose 

of the payment.)

{6000} Originator to Beneficiary Information 

– Line 2

(Enter information to identify the purpose 

of the payment.)

{6000} Originator to Beneficiary Information 

– Line 3

(Enter information to identify the purpose 

of the payment.)

{6000} Originator to Beneficiary Information 

– Line 4

(Enter information to identify the purpose 

of the payment.)