Get Ri 20 97 Estimated

A deposit is the payment of the retirement deductions, plus interest that would have been withheld from your pay if you had been covered by the Civil Service Retirement System (CSRS) during a period of employment when retirement deductions were not withheld from your salary.

Retirement Forms FormForm Description SF-2801 CSRS Application for Immediate Retirement SF-2818 Application for Continuation of Life Insurance SF-3107 FERS Application for Immediate Retirement SF-3112 Documentation in Support of Disability Retirement Application2 more rows • Feb 14, 2023

You receive service credit toward computation of your annuity. Your annuity payment, however, is permanently reduced. The reduction to your monthly annuity payment is based on your age at retirement and the amount of the redeposit owed. This is called actuarial reduction.

Direct Deposit Information You may also receive Direct Deposit by calling us or by completing a Standard Form 1199A (available at most financial institutions).

A deposit and/or redeposit may be necessary if you have: Temporary or Non-Deduction Federal service. Received a refund of your retirement contributions during a break in service. Any period of Peace Corps or VISTA volunteer service.

(c) An employee or Member, who, before becoming subject to FERS, made a deposit for military service is eligible upon proper application in a form prescribed by OPM, while currently employed, for a refund of the amount deposited, excluding interest, to the extent that this amount exceeds the amount of the deposit ...

Creditable service under CSRS usually includes: Employees of Gallaudet University or D.C. Government, Federal employees who receive assignments under the Intergovernmental Personnel Act, or employees serving as full-time officers or employees of an employee organization.

You should apply to make a payment by completing a Standard Form 3108 Application to Make Service Credit/FERS. If you are within six months of retirement, you should submit your request to make the deposit or redeposit at the same time you submit your application for retirement. You can use a form or letter to do this.