DO YOU OWE MONEY TO THE CIVIL SERVICE RETIREMENT SYSTEM (CSRS) OR FEDERAL EMPLOYEES’ RETIREMENT SYSTEM (FERS) FUND?
If you owe money to the retirement fund as a result of a refund of retirement contributions (redeposit service) or due to temporary service (deposit service) not covered under the retirement system, you may elect to file a request to make a service credit payment. If you are covered under CSRS, you must file an Application to Make Deposit or Redeposit, SF-2803 . If you have deposit service prior to October 1, 1982, the period of service is fully creditable for eligibility to retire and for calculation of your annuity.If you choose not to pay the deposit (calculated based on what you would have paid into the retirement system had you been subject to it, plus interest) your annuity will be reduced by 10% of the amount owed at retirement. If you have deposit service after September 30, 1982, the period of service is fully creditable for eligibility to retire, but is not creditable for calculating your annuity unless you elect to pay the deposit. If you have redeposit service prior to Octo
