Source: https://www.law.cornell.edu/cfr/text/5/842.811
Timestamp: 2016-09-26 21:55:40
Document Index: 554001828

Matched Legal Cases: ['art 842', '§ 842', '§ 1104', '§ 8402', '§ 8414', '§ 8416', '§ 8417', '§ 8418', '§ 8419', '§ 8461', 'art 842']

5 CFR 842.811 - Deposits for second-level supervisory air traffic controller service performed before February 10, 2004. | US Law | LII / Legal Information Institute
CFR › Title 5 › Chapter I › Subchapter B › Part 842 › Subpart H › Section 842.811 5 CFR 842.811 - Deposits for second-level supervisory air traffic controller service performed before February 10, 2004.
§ 842.811 Deposits for second-level supervisory air traffic controller service performed before February 10, 2004.
Eligibility - current and former employees, and retirees. A current or former employee, or a retiree who was employed as a civilian employee of the Department of Transportation or the Department of Defense before February 10, 2004, as the immediate supervisor of a person described in 5 U.S.C. 2109(1)(B) may make a deposit for such service, in a form prescribed by OPM, so that such service may be credited as air traffic controller service for FERS purposes subject to paragraph (h) of this section.
Eligibility - survivors. A survivor of a current employee, former employee, or a retiree eligible to make a deposit under paragraph (a)(1) of this section may make a deposit under this section when the current or former employee, or a retiree - (i) Dies during the period beginning February 10, 2004, and ending November 28, 2006, without submitting an application under this section; or
(ii) Dies after submitting an application to make a deposit under this section within the time limit set out in paragraph (c) of this section without completing a deposit.
Filing of deposit application. An individual eligible to make a deposit under paragraph (a) of this section for service described under paragraph (a)(1) of this section must submit a written application to make a deposit for such service with the appropriate office in the agency where such service was performed.
Time limit for filing application. An application to make a deposit under this section must be submitted on or before November 28, 2006.
Amount of deposit. A deposit under this section shall be computed using distinct periods of service. For the purpose of this section, a distinct period of service means a period of service not interrupted by a break in service of more than 3 days. A deposit may be made for a distinct period of service; however, such a deposit shall be ineffective if deposits are not completed for all distinct periods of service described under paragraph (a) of this section.
(2) The amount of deposit under this section shall be an amount equal to the amount by which the deductions from pay which would have been required under 5 U.S.C. chapter 84, subchapter II, if at the time the service was performed the service had been air traffic controller service exceeds the unrefunded deductions or deposits actually made under 5 U.S.C. chapter 84, subchapter II, with respect to such service, plus interest.
Interest. Interest shall be computed as described under paragraphs (2) and (3) of 5 U.S.C. 8334(e). Interest shall be computed for each distinct period of service from the midpoint of the distinct period of service.
(2) The computation of interest is on the basis of 30 days to the month. Interest is computed for the actual calendar time involved in each case.
Forms of deposit. A deposit under this section may be made as a single lump sum or in installments.
Processing deposit applications and payments. Upon receiving an application for deposit under this section, the agency shall determine whether the application meets the requirements of this section; compute the deposit, including interest; and advise the applicant of the total amount of deposit due.
(2) The agency shall establish a deposit account showing the total amount due and a payment schedule (unless deposit is made in one lump sum) to record the date and amount of each payment.
(3) If an eligible individual cannot make payment in one lump sum, the agency shall accept installment payments (by allotments or otherwise). The agency, however, is not required to accept individual checks in amounts less than $50.
(4) Payments received by the agency shall be remitted to OPM immediately for deposit to the Civil Service Retirement and Disability Fund.
(5) Once a deposit has been paid in full or otherwise closed out, the agency shall submit the documentation pertaining to the deposit to OPM in accordance with instructions issued by OPM.
Effect of deposit. An individual completing a deposit under this section whose entitlement to an annuity is based on a separation from service on or after February 10, 2004, will receive air traffic controller retirement credit for such service, for annuity entitlement and computation purposes, when OPM receives certification that the deposit has been paid in full, and the deposit payment is remitted to the Civil Service Retirement and Disability Fund.
[70 FR 32710, June 6, 2005]
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 5 - GOVERNMENT ORGANIZATION AND EMPLOYEES§ 1104 - Delegation of authority for personnel management§ 8402 - Federal Employees’ Retirement System; exclusions§ 8414 - Early retirement§ 8416 - Survivor reduction for a current spouse§ 8417 - Survivor reduction for a former spouse§ 8418 - Survivor elections; deposit; offsets§ 8419 - Survivor reductions; computation§ 8461 - Authority of the Office of Personnel Management
Statutes at Large101 Stat. 1300103 Stat. 2106104 Stat. 1388109 Stat. 102110 Stat. 515111 Stat. 251111 Stat. 2419112 Stat. 2419114 Stat. 2763A-164116 Stat. 1383116 Stat. 2135117 Stat. 2529121 Stat. 2042
Title 5 published on 2015-01-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 5 CFR Part 842 after this date.2015-12-04; vol. 80 # 233 - Friday, December 4, 201580 FR 75785 - Human Resources Management Reporting Requirements