OPM Form 1515 Military Service Deposit Election

What Is OPM Form 1515?

This is a legal form that was released by the U.S. Office of Personnel Management on December 1, 2000 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is OPM Form 1515?
A: OPM Form 1515 is a form used to make an election regarding military service deposit.

Q: What is a military service deposit?
A: A military service deposit is the payment required to credit military service towards federal retirement benefits.

Q: Who needs to use OPM Form 1515?
A: Federal employees who have military service and want to make an election regarding their military service deposit.

Q: What is the purpose of OPM Form 1515?
A: The purpose of OPM Form 1515 is to make an election regarding the payment of a military service deposit.

Q: What information do I need to provide on OPM Form 1515?
A: You will need to provide personal information, information about your military service, and make an election regarding your military service deposit.

Q: What happens after I submit OPM Form 1515?
A: After you submit OPM Form 1515, the Office of Personnel Management will process your election and provide further instructions regarding the payment of your military service deposit.

Q: What are the benefits of paying a military service deposit?
A: Paying a military service deposit allows you to credit your military service towards your federal retirement benefits, potentially increasing your retirement annuity.

Q: What happens if I do not pay a military service deposit?
A: If you do not pay a military service deposit, your military service will not be credited towards your federal retirement benefits, resulting in a lower retirement annuity.