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Army Benefits CenterCivilianUpdated 01/08/2014Americas Army: The Strength of the NationRETIREMENT PLANNING TSP DEPOSIT REDEPOSIT FELL MILITARY DEPOSIT FEB FED VIP CARS LOCI CARS OFFSET FSA FERSAmericas

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How to fill out military deposit fehb

How to fill out military deposit fehb:

01

Obtain the necessary forms: Start by accessing the military deposit fehb form, which may vary depending on your specific situation and the agency you are affiliated with. Contact the appropriate human resources department or visit their website to obtain the correct form.

02

Fill out personal information: Begin by providing your personal details, such as your full name, social security number, and contact information. Make sure to double-check the accuracy of this information to avoid any potential issues.

03

Determine your military service period: Identify the dates of your military service that is eligible for a deposit, which typically includes active duty periods. Review your military records and supporting documents to ensure accuracy.

04

Calculate the deposit amount: Calculate the deposit amount by multiplying your total military service time (in years, months, and days) by 3% of your basic military pay base. This will determine the total amount you need to deposit.

05

Complete payment information: Provide the necessary payment details, including how you plan to make the deposit (e.g., lump sum or installment payments), payment method, and any requested documentation (such as a certified copy of your military record).

06

Seek guidance if needed: If you have any doubts about filling out the military deposit fehb form, it is recommended to seek guidance from your agency's human resources department or contact the Office of Personnel Management (OPM). They can provide clarification and assistance throughout the process.

Who needs military deposit fehb:

01

Federal employees with prior military service: The military deposit fehb is generally required for federal employees who have served in the military before joining the federal workforce. It allows them to receive credit for their military service towards their federal retirement benefits.

02

Individuals eligible for Federal Employees Health Benefits (FEHB): The military deposit fehb is specifically relevant for federal employees who are enrolled in the FEHB program. By making the required deposit, they can count their prior military service towards satisfying the eligibility requirements for FEHB coverage during retirement.

03

Those aiming to maximize retirement benefits: Making the military deposit fehb can be advantageous for individuals seeking to maximize their federal retirement benefits. It allows them to combine their military service with their federal civilian service, potentially increasing their total years of service and resulting in more significant retirement benefits.

Please note that while this information provides a general overview, it is important to consult official sources, such as your agency's human resources department and the OPM, for specific and up-to-date guidance on filling out the military deposit fehb form and determining eligibility.

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What is military deposit fehb?

Military deposit FEHB is a program that allows eligible military service to count towards Federal Employees Health Benefits (FEHB) coverage.

Who is required to file military deposit fehb?

Federal employees who have served in the military and want to receive credit towards their FEHB coverage are required to file military deposit FEHB.

How to fill out military deposit fehb?

To fill out military deposit FEHB, employees must complete form RI 20-97 and submit it to their human resources office along with any required documentation.

What is the purpose of military deposit fehb?

The purpose of military deposit FEHB is to allow military service to count towards FEHB coverage, potentially reducing the employee's health insurance costs.

What information must be reported on military deposit fehb?

Employees must report their military service dates, branch of service, and any relevant documentation such as DD Form 214.

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