United States Office of Personnel Management 

The Federal Government’s Human Resources Agency 

Benefits Administration Letter 

Number: 22-306 Date: April 2022 

Subject: Instructions for Agencies’ Payments to the 

Civil Service Retirement and Disability Fund for 

Voluntary Early Retirement Authority and Voluntary 

Separation Incentive Payments 

This is to advise 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 a Voluntary Separation 

Incentive Payment (VSIP) are to continue under the Consolidated 

Appropriations Act, 2022. 

The average unit cost of processing VERA retirements and retirements with a 

VSIP for Fiscal Year (FY) 2022 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 2022 to the 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 2022. You must report each year 

separately (i.e., FY 2021, FY 2022, etc.). 
Benefits Administration Letter 22-306 

2 

If you have questions about the new rates, please email your inquiries to 

FinancialBALs@opm.gov. 

Sincerely, 

Sherri Jordan 

Associate Chief Financial Officer 

Enclosed 
Benefits Administration Letter 22-306 

3 

Enclosed Instructions 

Instructions to remit payment to the OPM for deposit into the CSRDF for 

VSIPs and VERAs processing costs. 

Remittance amount: $694.19. 

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 VERA and 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 (the email 
Benefits Administration Letter 22-306 

4 

addresses identified in the “Remittance Report), (See Appendix 1A, 1B, 

and 1C for examples). 

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.” FEDWIRE instructions are included as Appendix 2 of 

this instruction. 

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 submit a scanned copy of the 

remittance, along with the appropriate Remittance Report, must be sent to 

the email addresses identified in the “Remittance Report.” ACH Credit 

instructions are included as Appendix 3. 

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, 2021, should be sent 

by February 15, 2022. 

Individual Retirement Records 

Agencies must annotate the Individual Retirement Records (SF 2806 and SF 

3100) in the remark’s column under the “Service History” section with the 

legal authority for each VERA or VSIP when submitting retirement 

paperwork. 
Benefits Administration Letter 22-306 

5 

Remittance Report 

All agencies must submit certified Remittance Reports using the 

Attachments, which show the payroll office number(s) and Agency Location 

Code (ALC) for which the remittance is being sent. Please note – the 3-page 

Enclosure has separate Remittance Report forms for FY 2022 VERAs, FY 

2022 VSIPs, and FY 2022 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 payments have been remitted 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 call us on (202) 

606-0606 or send an email to FinancialBALs@opm.gov.
Appendix 1A: FY 2022 VERAs, VSIPs Processing 

Costs Under Consolidated Appropriations Act, 2021 

FY 2022 VERAs, VSIPs PROCESSING COSTS UNDER CONSOLIDATED

APPROPRIATIONS ACT, 2021

REMITTANCE REPORT FOR FY 2022 VERAs

Remittance Date: 

Reporting Entity: POC Name: 

POC Email address: POC Phone Number: FY 2022 Retirement Month:

IPAC (MM/YYYY)

Funds submitted by: EFT FY 2022 VERAs

(Indicate IPAC, EFT or CHECK) CHECK

Payroll Office Number: Agency Location Code: Number of Covered Employees Amount Submitted

(Column 1) (Column 2) (Column 3) Column 3 x $124.48

FERS

TOTALS (A) $

CSRS

TOTALS (B) $

AMOUNT SUBMITTED $

(Must Equal A + B)

I certify to the best of my knowledge, the accuracy and completeness of this Remittance Report. (To Be Reproduced Locally)

(Use additional forms if needed)

Signature Name - Printed

Payroll Office Number 1

Payroll Office Number 2

Payroll Office Number 3

Payroll Office Number 4

Payroll Office Number 5

Payroll Office Number 6

Payroll Office Number 7

Payroll Office Number 8

Payroll Office Number 9

Payroll Office Number 10

6
Appendix 1B: FY 2022 VERAs, VSIPs Processing 

Costs Under Consolidated Appropriations Act, 2021 

FY 2022 VERAs, VSIPs PROCESSING COSTS UNDER CONSOLIDATED

APPROPRIATIONS ACT, 2021

REMITTANCE REPORT FOR FY 2022 VERAs

Remittance Date: 

Reporting Entity: POC Name: 

POC Email address: POC Phone Number: FY 2022 Retirement Month:

IPAC (MM/YYYY)

Funds submitted by: EFT FY 2022 VSIPs

(Indicate IPAC, EFT or CHECK) CHECK

Payroll Office Number: Agency Location Code: Number of Covered Employees Amount Submitted

(Column 1) (Column 2) (Column 3) Column 3 x $124.48

FERS

$

CSRS

TOTALS (B) $

AMOUNT SUBMITTED $

(Must Equal A + B)

(To Be Reproduced Locally)

I certify to the best of my knowledge, the accuracy and completeness of this Remittance Report. (Use additional forms if needed)

Signature Name - Printed

TOTALS (A)

Payroll Payroll Office Number 2

Payroll Office Number 3

Payroll Office Number 4

Payroll Office Number 5

Payroll Office Number 6

Payroll Office Number 7

Payroll Office Number 8

Payroll Office Number 9

Payroll Office Number 10

Payroll Office Number 1

7
Appendix 1C: FY 2022 VERAs, VSIPs Processing 

Costs Under Consolidated Appropriations Act, 2021 

FY 2022 VERAs, VSIPs PROCESSING COSTS UNDER CONSOLIDATED

APPROPRIATIONS ACT, 2021

REMITTANCE REPORT FOR FY 2022 VERAs

Remittance Date: 

Reporting Entity: POC Name: 

POC Email address: POC Phone Number: FY 2022 Retirement Month:

IPAC (MM/YYYY)

Funds submitted by: EFT FY 2022 VERAs with VSIPs

(Indicate IPAC, EFT or CHECK) CHECK

Payroll Office Number: Agency Location Code: Number of Covered Employees Amount Submitted

(Column 1) (Column 2) (Column 3) Column 3 x $124.48

FERS

TOTALS (A) $

CSRS

TOTALS (B) $

AMOUNT SUBMITTED $

(Must Equal A + B)

(To Be Reproduced Locally)

I certify to the best of my knowledge, the accuracy and completeness of this Remittance Report. (Use additional forms if needed)

Signature Name - Printed

Payroll Payroll Office Number 2

Payroll Office Number 3

Payroll Office Number 4

Payroll Office Number 5

Payroll Office Number 6

Payroll Office Number 7

Payroll Office Number 8

Payroll Office Number 9

Payroll Office Number 10

Payroll Office Number 1

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Appendix 2: 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 *

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.) 

* The financial institution address for Treasury’s routing number is 33

Liberty Street, New York, NY 10045. 

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Benefits Administration Letter 22-306 

10

Appendix 3: ACH Credit Instructions 

United States Office of Personnel Management 

NACHA 

Record 

Type 

Code 

NACHA 

Field 

NACHA Data 

Element Name Required Information 

5 3 Company/Agency 

Name 

(Enter the name of the 

payor/remitter. If you are a federal 

agency with a Payroll Office Number, 

also enter your PON number.) 

5 6 Standard Entry Class 

Code 

CCD (or CTX) 

5 9 Effective Entry Date (Enter intended settlement date.) 

6 2 Transaction Code* 22

6 3 & 4 Receiving DFI 

Identification (ABA 

routing #) 

051036706 

6 5 DFI Account Number (Enter 12-digit agency account 

number. OPM 2 Credit Gateway/DFI 

Account Number is: 824000002001) 

6 6 Amount (Enter payment amount.) 

6 8 Receiving 

Company/Agency 

Name 

(Enter identification information – up 

to 22 characters. Please enter 

“OPM2” (please make sure to enter 

“OPM2” and not just “OPM”, as there 

are several ALCs associated with 

OPM), AND a brief description of the 

transaction, e.g.; “Oct.FY12-2812”, 

“Premium Ref.”, “RITS Sept.10-30”.) 

* ACH debits are not permitted to this ABA routing number. All debits

received will be automatically returned.