Reverse SRP The following information you will need to know when you return to Technician Status from LWOP-US.

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Presentation transcript:

Reverse SRP The following information you will need to know when you return to Technician Status from LWOP-US

Reverse SRP Returning to Duty Leave Health Insurance (FEHB) Life Insurance (FEGLI) Thrift Savings Plan (TSP) Retirement Deposits for Active Duty Allotments

Returning To Duty (RTD) You may use your technician military leave while on active duty before your return to technician status. When your commander releases you after the date of ReFAD, you are considered to be on terminal leave. You may return to technician status when you go on terminal leave. Call your supervisor / time keeper and inform them when you plan to return to duty as a technician.

Returning To Duty (RTD) You and your supervisor will complete a SF-52 returning you to duty. Be sure and attach a copy of your DD-214.

Lost Technician Military Leave Any technician military leave balance over 120 hours on 30 Sep was lost. If you want to use this lost leave, get with your timekeeper and determine which pay period(s) you want to take this lost leave. (prior to 30 Sep) Request a corrected time card to charge the amount of technician military leave (LM) you want to take.

Leave The President has authorized you 5 days administrative leave. It must be the first 5 days you are in technician status. SMTWTFS Nov RTD 14 LV 15 LV 16 LV 17 LV 18 LV Example Only

Leave When you return to technician status, you automatically start acquiring your leave as before. Sick4 hours per pay period Annual1-2 years4 hours per pay period 3-14 years6 hours per pay period Over 158 hours per pay period

Health Insurance (FEHB) When you return to duty from LWOP-US, it is considered an open season, and you can:  Change insurance providers (SF-2809)  Restore to previous insurance provider (SF-2810) If you plan to continue TRICARE for 180 days:  Must sign a “Waiver of Immediate Reinstatement of FEHB”

TRICARE If you want to continue TRICARE beyond 180 days, you need to know you will loose your FEHB coverage. (You must have health insurance for 5 years prior to retirement to carry insurance into retirement. TRICARE’s 5 year plan does not meet OPM guidelines.

Life Insurance (FEGLI) Life insurance is reinstated automatically, to your previous selection, when you return to technician status.

Thrift Savings Plan (TSP)  If you have a TSP Loan, you need to complete a TSP-41 to restart your deductions.  No more “Open Seasons”. You can increase or decrease your TSP contributions at any time, using a TSP-1

Thrift Savings Plan (TSP) Upon RTD, you can make retroactive contributions. (apply within 60 days of RTD) Contribution repayment period equals 4 times the LWOP period. Retroactive contributions are based on employee TSP-1 election before LWOP-US start date. No lost earnings on make-up employee contributions. Government matching funds as you contribute.

Retirement Deposits for Active Duty FERS employees Deposits are required for military service while in a LWOP status. Must make deposits to FERS to receive retirement credit or the period of LWOP during active duty. 3 years interest free.

Retirement Deposits for Active Duty CSRS employees Employees hired before 1 Oct 1982, receive credit until age 62 without deposit. (Must make deposit to avoid Catch 62.) Employees hired on or after 1 Oct 1982, must make deposit to receive credit. 3 years interest free.

Allotments Restarting allotments is your responsibility. Contact Tech Pay (Bridget Brown) Car Payments Union Dues Private Insurance Child Support