How to Fill Out OPM Form 1515

OPM Form 1515 at a glance

What it is: Military Service Deposit Election: the employee reads the information concerning rights to make a deposit for post-1956 military service and marks an "x" to indicate an election.

Where and when to file: Return the completed election form to the agency human resources office listed under Agency name and address. Election must be received by (mm/dd/yyyy).

A filled-in OPM Form 1515 example: the employee's and agency's boxes

OPM Form 1515 example filled out, example: the employee's and agency's boxes
An employee completes OPM Form 1515, the Military Service Deposit Election. The employee is retiring, and agency records show no deposit for post-1956 military service. The picture shows page 1 before the employee marks an "x" in the appropriate box under Employee Election, so Signature and date stay empty, and every value in it is made up.

How to fill out OPM Form 1515, box by box

Employee's name, date of birth and Social Security Number

OPM Form 1515 example filled out, employee's name, date of birth and Social Security Number

Enter the employee's name (last, first, middle), the Date of birth (mm/dd/yyyy) and the Social Security Number.

Agency name and address

OPM Form 1515 example filled out, agency name and address

Check the appropriate box under Employee Election to indicate whether you will pay the deposit and return two copies of this form to the human resources office at the Agency name and address.

If you decide to make the deposit for military service, ask for instructions from the human resources office identified under Agency name and address.

Employee Election

Mark an "x" in the appropriate box under Employee Election to indicate your election.

Mark the box "I want to pay (or complete) this deposit" if you will make the necessary payment to your employing agency.

Mark the box "I do not want to pay (or complete) this deposit" only if you understand this decision is irrevocable.

Your decision about making this deposit may affect your rights under CSRS or the Federal Employees Retirement System (FERS).

Signature and date

OPM Form 1515 example filled out, signature and date

Sign on the Signature line (Please do not print) and enter the Date (mm/dd/yyyy).

More rules for OPM Form 1515

Instructions to the employing office: This form must be completed when an employee retires and agency records show that the employee has not made or completed a deposit for post-1956 military service. Give the employee three (3) copies of this form and these instructions for completing the form. Have the employee return two (2) signed and dated copies of the form. Attach one to the employee's records when you send them to the Office of Personnel Management (OPM). If the employee does not return a signed copy before you forward the records to OPM, please check the box Employee did not return election form. The employee should also be counseled regarding the minimum basic annuity if the payment of the deposit will not increase the annuity.

Sources

[1] OPM Form 1515, Military Service Deposit Election, U.S. Office of Personnel Management (the Official source link on this page).

Opm Form 1515 PDF Details

Navigating the complexities of retirement benefits can be challenging, particularly for those with a history of military service looking to maximize their federal civil service retirement benefits. The OPM Form 1515, known as the Military Service Deposit Election form, serves as a critical tool in this process. It provides federal employees, under the Civil Service Retirement System (CSRS) or the Federal Employees Retirement System (FERS), the opportunity to make informed decisions regarding their military service deposits. These deposits can significantly impact one’s retirement annuity, making the understanding and completion of this form a pivotal step for eligible employees. It requires individuals to consider factors such as eligibility for the guaranteed minimum annuity under CSRS disability provisions, and the potential increase in annuity through military service deposit. Furthermore, it details the process to elect to make a deposit for military service post-1956, implicating various intricate considerations such as the effect of military retired pay, the amount of deposit required, and specific scenarios that may affect federal employees differently depending on their retirement system and employment history. The form also outlines steps for employees deciding to make the deposit, ensuring they are equipped with the necessary information to navigate their options effectively and make choices that best suit their retirement planning needs.

QuestionAnswer
Form NameOpm Form 1515
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesopm gov form 1515, opm form 1515 fillable