The FERS Redeposit Act is getting a second life.
Three representatives reintroduced the bill, HR, 828, Tuesday, which would allow federal employees returning to the federal workforce from the private sector to reinvest their full federal retirement annuity without losing any credit for previous years of service.
The bill, first introduced in 2007, died in the House Subcommittee on the Federal Workforce, Postal Service and the District of Columbia.
The bill was introduced by Reps. James Moran, D-Va., Frank Wolf, R-Va., and Gerald Connolly, D-Va. It’s been referred to the House Committee on Oversight and Government Reform and will likely be referred to the federal workforce subcommittee again.