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U CONTRIBUTION ELECTION FORM
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People also ask
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What is the voluntary contribution for OPM?
Voluntary contributions may be made only in amounts of $25 or in multiples of $25 ($50, $75, etc.). Total contributions may not exceed 10 per- cent of the total basic pay you received during all of your Federal service. -
What is the meaning of voluntary contribution?
Voluntary contributions are payments made to the retirement fund in addition to the retirement deductions that are withheld from your pay. -
What is the ri 38 124 voluntary contributions election?
Voluntary Contributions At retirement, if you have this type of account, you must complete the RI 38-124 Election form to elect to cash out the account or to obtain additional annuity. This form should be sent directly to OPM about 60 days prior to your retirement.
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