Fed Employees: Pick Your Pension Payout Form Gets OMB Checkup
Published Date: 4/16/2025
Notice
Summary
The Office of Personnel Management is bringing back the Alternative Annuity Election form, which helps federal employees choose how they get their retirement money. They want your thoughts on this by June 16, 2025, to make sure the process is clear and easy. If you’re a federal worker or agency, this could affect how you plan your retirement payments.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Reinstated form lets federal workers choose annuity
The Office of Personnel Management is reinstating form RI 20-80 (Alternative Annuity Election). If you are eligible, you may use the form to elect either a reduced annuity plus a lump-sum payment equal to your retirement contributions, or an unreduced annuity and no lump sum.
Paperwork burden for respondents
OPM estimates this information collection will involve 200 respondents, with an estimated 20 minutes per respondent and a total of 67 burden hours. The collection is directed at individuals or households who are eligible to make the annuity election.
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Key Dates
Department and Agencies
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