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Frequently Asked Questions

Is OPM pension taxable?

If it includes any interest, the interest is taxable unless you roll it over directly into another qualified plan or a traditional individual retirement arrangement (IRA). If you don't have the Office of Personnel Management (OPM) transfer the interest to an IRA or other plan in a direct rollover, tax will be withheld at a 20% rate.

How long for OPM to approve?

OPM can approve a complete request in a matter of days. OPM's ability to promptly render a decision on an agency's request depends heavily on the extent to which the requesting agency provides the...

How long does OPM take?

Sometimes the Office of Personnel Management (OPM) can do it in as little as three months. Other times it may take more than a year. However, the average time is six to nine months.

Where is OPM located?

OPM, otherwise referred to as Ohio Precious Metals, is a refinery and mint located in Jackson, Ohio, in the southeastern part of the state.


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