United States

Office of

Personnel Management

The Federal Government’s Human Resources Agency

Benefits Administration Letter

Number: 21-305 Date: April 2021 

SUBJECT: Instructions for Agencies’ Payments to the Civil Service Retirement and 

Disability Fund for Voluntary Early Retirement Authority and Voluntary Separation 

Incentive Payments 

Introduction & Purpose

The purpose of this announcement is to advise you that 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, 2020. For Fiscal Year (FY) 2021, the average 

unit cost of processing VERA retirements and retirements with a VSIP is $676.70 per claim. This 

unit cost is used to determine the amount the employing agency must pay into the CSRDF. 

This Benefits Administration Letter (BAL) provides the FY 2021 remittance amount and

instructions on the methods available for your agency to remit payment in FY 2021 to the Office 

of Personnel Management (OPM) for deposit into the CSRDF for VSIPs and VERAs processing

costs (Enclosed). For reconciliation purposes, the monies for prior years must NOT be 

commingled with FY 2021. Each year MUST be reported separately (i.e., FY 2020, FY 2021, 

etc.). 

If you have questions about the new rates, please email your inquiries to FinancialBALs@opm.gov . 

Sincerely, 

Sherri Jordan

Associate Chief Financial Officer

Enclosed 
Enclosed

Instructions: Methods available for agencies to remit payment in FY 2021 to the OPM for deposit 

into the CSRDF for VSIPs and VERAs processing costs 

Remittance Amount for FY 2021

The remittance amount for FY 2021 is $676.70. 

Note: To facilitate the reconciliation of payments, individual agencies must submit the 

remittances, rather than payroll providers. If it is not practical for individual agencies to submit 

the remittances, and payroll providers submit 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 having access to Treasury’s IPAC Systems must remit $676.70 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: 000

Receiver’s Business Event Type Code (BETC): COLL

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, a scanned copy of the remittance, along with the appropriate Remittance Report, (See 

Appendix 1A, 1B, and 1C for examples) must be sent to the email addresses identified in the 

“Remittance Report” section below. 

Remittances via FEDWIRE

Agencies that do not have access to IPAC should remit via FEDWIRE 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 below. 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; to the email addresses identified in the “Remittance Report”

section below. 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, 2020, should be sent by

February 15, 2021.

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. 

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 2021 VERAs, 

FY 2021 VSIPs, and FY 2021 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 2021 VERAs, VSIPs Processing Costs Under Consolidated Appropriations Act, 2020

REMITTANCE REPORT FOR FY 2021 VERAs

Remittance Date: 

Reporting Entity: POC Name: 

POC Email address: POC Phone Number: FY 2021 Retirement Month:

IPAC (MM/YYYY)

Funds submitted by: EFT FY 2021 VERAs

(Indicate IPAC, EFT or CHECK) CHECK

Payroll Office Number:

(Column 1)

Agency Location Code: Number of Covered Employees Amount Submitted

(Column 2) (Column 3) Column 3 x $676.70 

FERS

TOTALS (A) $

CSRS

TOTALS (B) $

AMOUNT SUBMITTED $

(Must Equal A + B)

(To Be Reproduced Locally)

(Use additional forms if needed)

I certify to the best of my knowledge, the accuracy and completeness of this Remittance Report.

Signature Name - Printed
Appendix 1B: FY 2021 VERAs, VSIPs Processing Costs Under Consolidated Appropriations Act, 2020

FY 2020 VERAs, VSIPs PROCESSING COSTS UNDER CONSOLIDATED

APPROPRIATIONS ACT, 2020, P.L. 116-93

REMITTANCE REPORT FOR FY 2021 VSIP

Remittance Date: 

Reporting Entity: POC Name: 

POC Email address: POC Phone Number: FY 2021 Retirement Month:

IPAC (MM/YYYY)

Funds submitted by:

(Indicate IPAC, EFT or CHECK)

EFT FY 2021 VSIPs

CHECK

Payroll Office Number:

(Column 1)

Agency Location Code:

(Column 2)

Number of Covered Employees

(Column 3)

Amount Submitted

Column 3 x $676.70 

FERS

TOTALS (A) $

CSRS

TOTALS (B) $

AMOUNT SUBMITTED $

(Must Equal A + B)

(To Be Reproduced Locally)

(Use additional forms if needed)

I certify to the best of my knowledge, the accuracy and completeness of this Remittance Report.

Signature Name - Printed
Appendix 1C: FY 2021 VERAs, VSIPs Processing Costs Under Consolidated Appropriations Act, 2020

REMITTANCE REPORT FOR FY 2021 VERAs with VSIPs

Remittance Date: 

Reporting Entity: POC Name: 

POC Email address: POC Phone Number: FY 2021 Retirement Month:

IPAC (MM/YYYY)

Funds submitted by:

(Indicate IPAC, EFT or CHECK)

EFT FY 2020 VERAs with VSIPs

CHECK

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

(Column 1) (Column 2) (Column 3) Column 3 x $676.70 

FERS

TOTALS (A) $

CSRS

TOTALS (B) $

AMOUNT SUBMITTED $

(Must Equal A + B)

(To Be Reproduced Locally)

(Use additional forms if needed)

I certify to the best of my knowledge, the accuracy and completeness of this Remittance Report.

Signature Name - Printed
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
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.