CSRS Service Credit Payments for Post-1956 Military Service FERS i

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Table of Contents

Subchapter 23A CSRS

Part 23A1 General Information

Section 23A1.1-1 Overview ....................................... 1

A. Introduction ................................................ 1

B. Topics Covered ............................................. 1

C. Organization of Subchapter ...................................... 2

D. Statement of Authority ......................................... 2

Section 23A1.1-2 Background ...................................... 3

A. "Catch 62" ................................................ 3

B. Military Deposit ............................................. 3

C. Where Deposit Is Made ........................................ 3

Section 23A1.1-3 Definitions ....................................... 4

A. Basic Pay ................................................. 4

B. Estimated Earnings ........................................... 4

C. First Employed ............................................. 4

D. Interest Accrual Date (IAD) ..................................... 4

E. Period of Service ............................................ 4

F. Service ................................................... 4

G. Sufficient Evidence ........................................... 4

Section 23A1.1-4 Who Can Make a Military Service Deposit ................. 5

A. General Rule: Current Employees ................................. 5

B. Special Rule: Certain Former Employees ............................ 5

C. Survivor .................................................. 5

Section 23A1.1-5 Refund of Deposit .................................. 6

A. Refund Before Retirement ....................................... 6

B. Refund of Deposit Upon Application for Retirement ...................... 6

C. When a Military Service Credit Deposit May Be Repaid ................... 7
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Part 23A2 Employee Procedures and Responsibilities

Section 23A2.1-1 Applying for Deposit ................................ 8

A. Contact the Agency for Information ................................ 8

B. Complete SF 2803 ........................................... 8

C. Attach Form DD 214 .......................................... 8

D. Document Basic Military Pay .................................... 9

Section 23A2.1-2 Documenting Basic Pay ............................. 10

A. General Rule ............................................... 10

B. Acceptable Documentation ...................................... 10

C. Unacceptable Documentation ..................................... 11

D. When to Document Basic Pay .................................... 11

Section 23A2.1-3 Paying the Deposit ................................. 12

A. General Rule ............................................... 12

B. Procedure ................................................. 12

Section 23A2.1-4 Reestablishing the Account After a Transfer ................ 13

A. When an Employee Transfers to Another Agency Before Completing the

 Military Deposit ........................................... 13

Part 23A3 Employing Office Procedures

Section 23A3.1-1 Accepting the Employee's SF 2803 ...................... 14

A. Initial Procedures ............................................ 14

B. Upon Completion of the Deposit .................................. 14

C. Upon Application for Retirement .................................. 15

Section 23A3.1-2 Computing the Amount of Creditable Military Service ......... 17

A. Amount of Creditable Military Service .............................. 17

Section 23A3.1-3 Determining the Amount of Basic Pay .................... 18

A. Determination of Basic Pay ...................................... 18

Section 23A3.1-4 Computing the Deposit .............................. 19

A. General ................................................... 19

B. Deposit Formula ............................................. 19

C. Adding Interest .............................................. 20
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Section 23A3.1-5 Computing the Interest .............................. 21

A. General Rules .............................................. 21

B. Interest Accrual Date (IAD) ..................................... 22

C. Accruing and Compounding Interest Annually .......................... 23

D. Interest Rates ............................................... 23

E. Composite Interest Rate ........................................ 24

F. Computation of Composite Interest Rate for Employees First Employed Under CSRS

 Prior to October 1, 1983 ...................................... 24

G. Computation of Composite Interest Rate for Employees First Employed Under CSRS

 On or After October 1, 1983 ................................... 25

H. Adding Interest When No Payments Have Been Made ..................... 27

I. Adding Interest When Partial Payments Have Been Made .................. 27

J. Timely Remittance ........................................... 28

K. Agency Payment of Interest ...................................... 28

Section 23A3.1-6 Establishing the Deposit Account ....................... 30

A. Establishing the Deposit Account .................................. 30

Section 23A3.1-7 Preparing SF 2806 for Military Service Credit Deposit ......... 31

A. Preparing SF 2806 ........................................... 31

Section 23A3.1-8 Inactive Accounts .................................. 32

A. Before Removing Accounts from Active Files .......................... 32

B. After Removing Accounts from Active Files ........................... 32

C. Death Before Deposit Is Completed ................................ 32

Section 23A3.1-9 Closing Out SF 2806 for Military Service Credit Deposit ....... 33

A. Completed Payments .......................................... 33

B. Incomplete Payments .......................................... 34

Section 23A3.1-10 Remitting Deposit to OPM ........................... 35

A. General ................................................... 35

B. Procedures ................................................ 35
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Subchapter 23B FERS

Part 23B1 General Information

Section 23B1.1-1 Overview ........................................ 37

A. Introduction ................................................ 37

B. Organization of Subchapter ...................................... 37

C. Statement of Authority ......................................... 37

Section 23B1.1-2 Applicable CSRS Provisions ........................... 38

A. Applicable CSRS Provisions ..................................... 38

B. Exceptions ................................................ 39

Section 23B1.1-3 Background ...................................... 40

A. Military Deposit ............................................. 40

B. Where Deposit Is Made ........................................ 40

Section 23B1.1-4 Service Subject to FERS Military Service Deposit Rules ........ 41

A. Service Subject to FERS Military Service Deposit Rules ................... 41

Section 23B1.1-5 Who Can Make a Military Service Deposit ................. 43

A. General Rule: Current Employees .................................. 43

B. Employee Who Elects a Postponed Annuity ........................... 43

C. Survivor of a Former Employee Eligible for a Deferred Annuity .............. 43

Section 23B1.1-6 Refund of Deposit .................................. 44

A. Refund Before Retirement ...................................... 44

B. Refund Upon Application for Retirement ............................. 44

C. Refunded Military Service Credit Deposit Cannot Be Repaid ................ 44

Part 23B2 Employee Procedures and Responsibilities

Section 23B2.1-1 Applying for Deposit ................................ 45

A. Applying for Deposit .......................................... 45

B. Complete SF 3108 ........................................... 45
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Part 23B3 Employing Office Procedures

Section 23B3.1-1 Computing the Deposit .............................. 46

A. General ................................................... 46

B. Deposit Formula ............................................. 46

C. Employees Who Transfer to FERS While on Military Furlough .............. 46

Section 23B3.1-2 Computing the Interest .............................. 47

A. General Rules .............................................. 47

B. Interest Rates and Posting Dates for Employees First Employed Prior to 

 January 1, 1987 ............................................ 47

C. Computation of Composite Interest Rates for Employees First Employed On or After 

 January 1, 1987 ............................................. 48

D. Timely Remittance ........................................... 48

Subchapter 23C Job Aids

Section 23C1.1-1 Sample Forms .................................... 49

SF 2803, Application to Make Deposit or Redeposit (for pre-October 1, 1982,

 CSRS employees) ....................................... 51

SF 2803, Application to Make Deposit or Redeposit (for post-September 30, 1982,

 CSRS employees) ....................................... 52

SF 2801-1, Certified Summary of Federal Service .......................... 53

SF 2806, Individual Retirement Record ................................. 54

Forms Used to Document Actual Military Earnings ......................... 55

SF 3107-1, Certified Summary of Federal Service .......................... 56

SF 3100, Individual Retirement Record ................................. 57

SF 3108, Application to Make Service Credit Payment for Civilian Service .......... 58

Section 23C1.1-2 Forms for Local Reproduction ......................... 59

RI 20-97, Estimated Earnings During Military Service ....................... 60

OPM Form 1514, Military Deposit Worksheet ............................ 61

OPM Form 1515, Military Service Deposit Election ........................ 63

Section 23C1.1-3 Sample Employee Letter. ............................ 65

Section 23C1.1-4 Composite Interest Rate Tables ........................ 67
Subchapter 23A CSRS

Part 23A1 General Information

Section 23A1.1-1 Overview

A. Introduction This subchapter covers deposits for creditable post-1956 military service

under the Civil Service Retirement System (CSRS).

NOTE: The information in this chapter has not been updated to reflect the

passage of Public Law 103-353, the Uniformed Services

Employment and Reemployment Rights Act of 1994 (USERRA),

approved October 13, 1994. This legislation makes certain types

of National Guard service creditable that had not previously been

creditable and alters the method for computing military service

credit deposits in limited circumstances. OPM will be publishing

regulations on how this legislation affects CSRS and FERS

employees. Until regulations are published, information on those

aspects of the law that are reasonably clear is published in Benefits

Administration Letter 95-101 dated January 27, 1995. You can

download the letter from OPM ONLINE the computer bulletin

board, by following the instructions in Chapter 1, Administration

and General Provisions.

B. Topics Covered This subchapter covers:

• CSRS eligibility requirements and refund procedures;

• How to apply to make a military service deposit;

• How to compute the deposit and the interest, if any; and

• The procedures the employing office must follow to accept and post

deposits and remit them to OPM.
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C. Organization of

Subchapter

The CSRS subchapter has three parts.

Part Name of Part Page

23A1 General Information 1

23A2 Employee Procedures and

Responsibilities

 8

23A3 Employing Office Procedures 14

NOTE 1: Subchapter 23B about service credit payments for post-1956

military service under FERS begins on page 34.

NOTE 2: Subchapter 23C contains charts, sample forms and local

reproduction forms to compute and post military service credit

deposits.

D. Statement of

Authority

This subchapter is based on the laws and regulations cited below.

• United States Code: 5 U.S.C. 8334(j)

• Code of Federal Regulations: 5 CFR 831.2101-2107
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Section 23A1.1-2 Background

A. "Catch 62" Before September 8, 1982, Civil Service annuitants who were eligible for

Social Security at age 62 could not receive credit for military service

performed after 1956 even if it had previously been credited in the

computation of their annuity benefits. When an annuitant retired before age

62 and post-1956 military service was included in the annuity computation,

it had to be deleted at the end of the month before his or her 62nd birthday,

if he or she was eligible for Social Security at that time. The rule was

commonly referred to as "catch 62" since it affected retirees at age 62.

B. Military Deposit The CSRS law was changed in 1982 with respect to the crediting of military

service for annuity computation purposes.

The law now provides that any individual first employed in a position

subject to CSRS on or after October 1, 1982, receives credit for title and

annuity computation purposes for post-1956 military service only if he or

she deposits with the employing agency a sum equal to 7 percent of the

military basic pay he or she earned during the period of military service,

plus interest.

Individuals who were first employed under CSRS before October 1, 1982,

can receive, under certain circumstances, credit for post-1956 military

service without making the deposit, potentially undergoing an annuity

reduction for the post-1956 military service at age 62, or making the

deposit and avoiding a possible reduction.

NOTE: See Chapter 22, Creditable Military Service, Part 22A4 for

additional information on the crediting of post-1956 military

service.

C. Where Deposit

Is Made

Except as noted in section 23A1.1-4, all military deposits must be made to

the employing agency.
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Section 23A1.1-3 Definitions

A. Basic Pay The total earnings received based on the grade (for example, E-5) of the

military member when the service was performed. Basic pay does not

include increases such as allowances, flight pay, combat pay, etc.

B. Estimated

Earnings

An estimate of basic pay earned during a period of military service, as

determined by an authorized official of the Department of Defense for

service with the Army, Navy, Air Force, and Marine Corps, the

Department of Transportation for service with the Coast Guard, the

Department of Commerce for service with the National Oceanic and

Atmospheric Administration, the Department of Health and Human

Services for service with the Public Health Service; or by an authorized

official of the person's employing agency when sufficient evidence of basic

pay is provided.

C. First Employed The date of employee's initial appointment to a position subject to CSRS,

CSRS Offset, or FERS retirement deductions.

D. Interest Accrual

Date (IAD)

The date each year when interest is charged to the employee's account. (See

23A3.1-5, paragraph B, and 23B2.1-2, paragraph A, for details.)

E. Period of Service The total years, months, and days from date of initial entry on active duty

(or January 1, 1957, if that is later) to date of final discharge for enlisted

military personnel, and to date of final release from active duty for officers

and reservists.

For military retired pay recipients, a period of service may also be the total

years, months, and days of military service not used in the computation of

military retired pay, or for retired officers, enlisted service performed as a

cadet or midshipman. (See Chapter 22 for more information.)

A period of service includes consecutive periods of service where there is

no break in service, but does not include any lost time. For military service

purposes, even a 1-day break separates service into two periods.

F. Service Active honorable military service performed after December 31, 1956.

G. Sufficient

Evidence

Sufficient evidence of basic pay exists when an employee (or survivor of a

deceased employee) provides copies of all official military pay documents

that show the exact basic pay he or she earned for a full period of service.
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Section 23A1.1-4 Who Can Make a Military Service Deposit

A. General Rule: 

Current

Employees

The following current employees may make a military service credit

deposit.

1. An employee subject to CSRS (including CSRS Offset) may make a

deposit to his or her employing agency for any full period of military

service prior to separation from service.

2. If the employee delays making the military deposit until he or she

separates for retirement, the deposit must be made, in full, to the

employing agency before OPM completes adjudication of the annuity. 

The agency should inform the employee that final adjudication of his

or her annuity will be delayed.

3. Except as noted in paragraph A2 above, under current rules, a

separated employee may not make a military service deposit.

B. Special Rule: 

Certain Former

Employees

A former employee who separated after September 8, 1982, and before

October 1, 1983, with title to a deferred annuity, may make a military

service deposit at the time he or she applies for the deferred annuity. The

deposit must be made in a lump sum directly to OPM and may be made at

any time prior to final adjudication of the application for deferred annuity.

Exception: If the employee is reemployed after October 1, 1983, and the

reemployment results in a new annuity right, the rules for

current employees apply.

C. Survivor A survivor of a deceased employee may make a military service deposit. 

Unlike employees, survivors may only pay the deposit in a lump sum. For

the most part, the procedures for obtaining the basic pay, computing the

deposit and processing the payment are the same for survivors. Specific

information about the effect of the military deposit on the survivor annuity

computation and the special rules for military retired pay recipients who die

in service are discussed in Chapter 70, Spouse Benefits - Death of an

Employee.
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Section 23A1.1-5 Refund of Deposit

A. Refund Before

Retirement

Any money paid as a military deposit is refunded to a separated employee

who applies for and is entitled to a refund of all retirement deductions. (See

Chapter 32, Refunds, for additional details.)

B. Refund of

Deposit Upon

Application for

Retirement

The following rules apply to refunds of deposits upon application for

retirement.

1. Completed Deposits.

Except as provided in rules 2, 3, and 4 below, a completed deposit

may not be returned to an employee who is entitled to annuity benefits

at the time of application.

2. Alternative Annuity Elections.

If a retiring employee is eligible for and elects the alternative annuity

upon retirement, he or she will receive a lump-sum payment equal to

his or her total contributions to the retirement fund, including any

military service deposits. The military deposit cannot be deemed paid

at retirement when the employee elects the alternative annuity. The

amount of the deposit must be paid to the employing agency prior to

the employee's separation. (See Chapter 53, Alternative Annuity

Elections, for additional details.)

3. Military Retirees.

Employees who receive military retired pay and choose not to waive

it will receive a refund of all money paid toward a military deposit at

retirement. A retiring employee who receives a refund of his or her

deposit because of a decision not to waive military retired pay may

not redeposit that money at a later date, unless he or she is

reemployed and acquires a new annuity right. (See section 23A1.1-4,

paragraph B.)

4. Service not creditable.

A completed deposit is automatically refunded by OPM if the service

covered by the deposit is not creditable for retirement purposes (for

example, the employee was dishonorably discharged).

Note: When counseling CSRS disability retirees eligible for the

minimum basic annuity benefit, agencies should prepare a

computation of the employee's benefit with and without the

military service to see if it will affect the annuity. If the

employee has not paid the military deposit, he or she may

decide not to pay if it would not increase the annuity. 

However, if the employee has paid the military deposit, the
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CSRS and FERS Handbook April 1998

Section 23A1.1-5 Refund of Deposit (Cont.)

B. Refund of

Deposit Upon

Application for

Retirement

(Cont.)

employee does not qualify for a refund. The fact that the

military service does not increase the amount of the employee's

benefit does not make the service "not creditable" for the

purpose of paying a refund of the military deposit.

5. Incomplete Deposits.

OPM automatically refunds an incomplete deposit for a period of

military service to a separated employee when it adjudicates his or her

application for retirement benefits, unless the incomplete deposit will

pay for one or more full periods of military service.

If the employee has more than one period of military service and the

incomplete deposit will cover all of the deposit for at least one of the

periods, OPM will refund only the part of the deposit in excess of the

amount needed to cover one or more full periods of military service.

Example:

Period of Deposit

Service Owed

3-15-60 to 9-12-62 $350.00

4-2-65 to 6-28-66 250.00

Total $600.00

Deposit made by employee = $500.00

Since the deposit made by the employee is sufficient to pay for the

period of service from 3-15-60 to 9-12-62, the employee receives a

refund of $150.00.

NOTE: This example does not consider any interest that may have

accrued on the unpaid deposit amount.

C. When a Military

Service Credit

Deposit May Be

Repaid

If a CSRS employee separates from Federal service and receives a refund of

his or her military service deposit made to the Fund and is reemployed

under CSRS, he or she may repay the military service credit deposit. 

Interest begins to accrue on the unpaid balance the date the refund was paid.
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Part 23A2 Employee Procedures and Responsibilities

Section 23A2.1-1 Applying for Deposit

A. Contact the

Agency for

Information

An employee with post-1956 military service must contact the appropriate

employing agency personnel for information about the effect of military

service deposit requirements.

B. Complete

SF 2803

If the employee determines that it will be beneficial to pay the deposit, he

or she must obtain SF 2803, Application to Make Deposit or Redeposit,

from the employing agency. (See subchapter 23C for a sample copy of this

form.)

For CSRS employees first employed prior to October 1, 1982, the space

below that in which the employee enters the military service to be covered

by a deposit must contain the following statement to be entered by the

employing agency.

"I wish to pay the deposit necessary to obtain credit for my military service

after 1956. I understand that the entire deposit must be paid to my agency

before separation for retirement and that if I do not complete the deposit at

that time, the post-1956 military service will not be used to compute my

annuity after age 62, if I am eligible for Social Security benefits at that

time. Any incomplete deposit that will not pay for one or more full periods

of military service will be refunded. Otherwise, my deposit is refundable

only if I become eligible for a refund of civil service retirement

contributions, or retire without waiving my military retired pay (if any).

"I further understand that the military deposit cannot be deemed paid at

retirement if I am eligible for and elect an alternative annuity. If I do elect

the alternative annuity upon retirement, any completed military deposits that

I have made to the Fund will be refunded to me along with any other

retirement contributions or payments I made to the Fund."

For CSRS employees first employed after October 1, 1982, the statement

should be modified as follows.

"I wish to pay the deposit necessary to obtain credit for my military service

after 1956. I understand that the entire deposit must be paid to my agency

before separation for retirement and that if I do not complete the deposit at

that time, the post-1956 military service will not be used to compute or

establish title to a CSRS annuity. Any incomplete . . . ."
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CSRS and FERS Handbook April 1998

Section 23A2.1-1 Applying for Deposit (Cont.)

C. Attach

DD Form 214

The employee must complete only the front of SF 2803 and return it to the

appropriate employing agency official along with a copy of his or her

DD Form 214, Report of Transfer or Discharge, or equivalent record to

verify the service.

If copies of the DD Form 214(s) are not available, the employee may obtain

a copy from the military records center by submitting SF 180, Request

Pertaining to Military Records, to the appropriate address. The addresses

are listed on the back of the form.

NOTE: See The Guide to Processing Personnel Actions (formerly FPM

Supplement 296-33) for additional information on SF 180.

D. Document Basic

Military Pay

The employee must also provide documentation of military basic pay to the

employing agency. (See section 23A2.1-2 for more information.)
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Section 23A2.1-2 Documenting Basic Pay

A. General Rule The employee is responsible for providing documentation of basic pay

earned.

B. Acceptable

Documentation

1. Basic pay earnings may be documented by either of the following

methods.

• Actual pay records from the military service. Subchapter 23C

contains a list of acceptable pay records used to document actual

military earnings.

NOTE: If the employee furnishes complete records to identify the

exact amount of basic military pay earned for an entire

period of service, the agency must use them to determine

the deposit.

• Estimated earnings if the employee does not have official

records of military earnings for the entire period of service. 

The employee may use OPM Form RI 20-97, Request for

Estimated Earnings during Military Service, to obtain his or her

earnings from the military. Subchapter 23C contains a copy of

this form for local reproduction.

2. Submit the Request for Estimated Earnings During Military

Service as described below.

• The employee must complete the form and attach a copy of his

or her DD Form 214 for the period of service and any available

records of pay and promotions.

• Send the form to the appropriate branch of service at the address

shown on the back of the form.

IMPORTANT: The military pay center cannot provide earnings

unless verification of service (DD Form 214 or

equivalent) is attached.
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CSRS and FERS Handbook April 1998

Section 23A2.1-2 Documenting Basic Pay (Cont.)

C. Unacceptable

Documentation

The following records may not be used to document earnings.

1. Earnings statements from tax records. (These include allowances as

well as basic pay.)

2. Social Security earnings statements. (They include allowances as well

as basic pay and also reflect only military basic pay earned up to the

Social Security maximum wage base for withholding.)

D. When to

Document Basic

Pay

Employees should be counseled to document the basic pay earned as soon

as possible upon employment with the agency.

If unplanned circumstances (for example, involuntary separation, disability

retirement) cause the employee to need to document his or her basic pay

quickly before separation, the employee may request expedited service by

adding a note to the RI 20-97 request form as follows: "Please expedite. I

am (retiring) (separating) on (date)."
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Section 23A2.1-3 Paying the Deposit

A. General Rule The employee must make payment(s) directly to the employing agency.

B. Procedure The agency must:

1. Complete OPM Form 1514, Military Deposit Worksheet (or an

equivalent if the agency has automated this process); and

2. Notify the employee of instructions for paying the deposit, the amount

due and the options for making payment.

NOTE: Subchapter 23C contains a sample copy of OPM

Form 1514, Military Deposit Worksheet.

The employee must:

Make payment(s) as instructed by the agency directly to the designated

authorized agency official by personal check, money order, etc., or by

allotment from pay. Payment(s) may be made --

• in a lump sum; or

• in installments.

NOTE: Normally, individual payments must be at least $50.00

although the agency, at its discretion, may accept smaller

amounts.
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CSRS and FERS Handbook April 1998

Section 23A2.1-4 Reestablishing the Account After a Transfer

A. When an

Employee

Transfers to

Another Agency

Before

Completing the

Military Deposit

Upon arrival at the new organization the employee must:

1. Present a copy of OPM Form 1514, Military Deposit Worksheet

(annotated to reflect any payments made) to the agency; and

2. Complete a new SF 2803, Application to Make Deposit or Redeposit,

if the employee chooses to continue to make payments.

The gaining organization establishes a new account if the employee wishes

to complete the deposit.

NOTE: See section 23A3.1-9 for the losing agency's responsibilities.
14 CSRS Service Credit Payments for Post-1956 Military Service

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Part 23A3 Employing Office Procedures

Section 23A3.1-1 Accepting the Employee's SF 2803

A. Initial

Procedures

The individual's employing office must:

1. Accept the completed SF 2803 and documentation of basic pay and

make certain the employee has provided all necessary information;

and

2. Make two copies of the SF 2803 and distribute the original and copies

as follows:

• Send the original SF 2803 and the documentation of basic pay

to the agency office responsible for accepting the deposit

payments;

• File one copy of the SF 2803 and the RI 20-97 or other

documentation of basic pay as a temporary record (on the left

side) in the employee's Official Personnel Folder (OPF) until

the OPF copy of the closed out OPM Form 1514, Military

Deposit Worksheet, is received from the office responsible for

accepting the deposit payments; and

• Provide the employee with one copy of the SF 2803.

(See subchapter 23C for a sample of SF 2803.)

B. Upon

Completion of

the Deposit

If the employee completes payment of the deposit:

1. Retain the original OPM Form 1514, the RI 20-97, documentation of

basic pay, the SF 2803 and the SF 2806, Individual Retirement

Record, for submission to OPM as explained in section 23A3.1-9;

2. File a copy of the OPM Form 1514 on the right side of the

employee's OPF and give one copy to the employee; and

3. Remove and destroy the copy of the SF 2803 that was filed on the left

side of the OPF.
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CSRS and FERS Handbook April 1998

Section 23A3.1-1 Accepting the Employee's SF 2803 (Cont.)

C. Upon

Application for

Retirement

If an employee has post-1956 military service, indicate in the remarks

column of section B of the SF 2801-1, Certified Summary of Federal

Service (see subchapter 23C for a sample copy of SF 2801-1), whether or

not the employee's OPF shows that he or she has applied to make a deposit

for the service, and, if so, whether the deposit was completed.

1. If deposit has been completed:

No further action is necessary.

2. If the deposit has not been completed:

The employee must complete three copies of OPM Form 1515,

Military Service Deposit Election (see subchapter 23C for a sample

copy of OPM Form 1515), indicating his or her decision whether or

not to complete the deposit. Distribute the copies as follows:

• Send the original to OPM with the retirement records;

• File one copy on the right side of the OPF; and

• Give one copy to the employee.

3. If the employee elects to make the deposit:

• Inform him or her of the necessity of prompt action to obtain

documentation of basic pay (if that has not already been done);

and

• Inform him or her that payment must be made to the agency

before OPM completes adjudication of the annuity. The

payment may not be made directly to OPM.

NOTE 1: If OPM is notified that the employee intends to pay, OPM

begins preliminary processing of the annuity, makes

special payments (if appropriate), but delays final

adjudication until receipt of the 2806 showing payment of

the deposit.
16 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-1 Accepting the Employee's SF 2803 (Cont.)

C. Upon

Application for

Retirement

(Cont.)

NOTE 2: The deposit may not be deemed paid as part of an

alternative annuity election.

• Inform the agency payroll office of the employee's election so

the retirement SF 2806 may be annotated stating that the deposit

will be forwarded upon payment.

4. If the employee elects not to make or complete the deposit:

OPM Form 1515 is the written record of the employee's election.
 CSRS Service Credit Payments for Post-1956 Military Service 17

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-2 Computing the Amount of Creditable Military Service

A. Amount of

Creditable

Military Service

Compute the amount of military service to be credited to the individual as

follows.

1. Determine the beginning and ending dates of creditable military

service from the individual's DD Form 214(s). (See Chapter 22 for a

complete discussion of creditable military service.)

2. Record the period of service in item 5 of OPM Form 1514, Military

Deposit Worksheet. (See subchapter 23C for a sample copy of OPM

Form 1514.)

3. Subtract the beginning date from the ending date.

NOTE: For computation purposes, add one day to the ending date

unless it was the 31st of the month.

The result is the years, months, and days of military service.

4. Subtract "lost time," if applicable. (Until 1979 "lost time" was

generally recorded on the DD Form 214 as "days lost under Uniform

Code of Military Justice, Article 86," or as " days AWOL." Since

1979, "lost time" has been subtracted from the period of service listed

on the DD Form 214, and the form shows only "good time.")

The result is the creditable years, months, and days of service for the

individual.

5. Record this information in item 6 on the OPM Form 1514, Military

Deposit Worksheet.
18 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-3 Determining the Amount of Basic Pay

A. Determination of

Basic Pay

Each period of service is considered independently. Note that a deposit

period cannot begin before January 1, 1957. If a period of service straddles

that date, determine the basic pay earned only for service after December

31, 1956.

Note: The employee does not have to pay a military service deposit

for periods when he or she was on military leave with pay

from the employing agency. If the period of service includes

time when the employee was on military leave, determine the

basic pay earned for the period excluding the period covered by

military leave. (See The Guide to Processing Personnel Actions

(formerly FPM Supplement 296-33) for a discussion of

"military leave.")

Enter the amount of earnings in item 7 of the Military Deposit Worksheet,

OPM Form 1514.

1. Take the following steps if the amount of earnings is based on pay

documents.

• Compute the basic pay earned from the pay documents

provided.

• Total the pay for each period of service. Use only basic pay

earned. Do not include allowances, flight pay, combat pay, etc.

• Prepare and certify Form RI 20-97, identifying the pay

documents from which the earnings have been estimated.

• File the Form RI 20-97 on the right hand side of the employee's

OPF.

2. Take the following steps if the amount of earnings is based on a

statement of estimated earnings from the branch of service.

• Use the total estimated earnings given.

• File the Form RI 20-97 on the right side of the employee's

OPF.
 CSRS Service Credit Payments for Post-1956 Military Service 19

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-4 Computing the Deposit

A. General The amount of the deposit is 7 percent of the basic pay (see section

23A2.1-2) earned during the period(s) of service, plus interest.

NOTE: The information in this chapter has not been updated to reflect

the passage of Public Law 103-353, the Uniformed Services

Employment and Reemployment Rights Act of 1994

(USERRA), approved October 13, 1994. This legislation

makes certain types of National Guard service creditable that

had not previously been creditable and alters the method for

computing military service credit deposits in limited

circumstances. OPM will be publishing regulations on how this

legislation affects CSRS and FERS employees. Until

regulations are published, information on those aspects of the

law that are reasonably clear is published in Benefits

Administration Letter 95-101 dated January 27, 1995. You can

download the letter from OPM ONLINE the computer bulletin

board, by following the instructions in Chapter 1,

Administration and General Provisions. 

B. Deposit Formula As stated in section 23A2.1-2, the employee is responsible for providing

documentation of basic pay earned. Use the amount provided to determine

the deposit due.

Deposit Formula:

Deposit = Amount of Earnings x 7%

Round the product to the nearest dollar (that is, $0.50 or more round up,

$0.49 or less round down).

EXAMPLE: Earnings $ 6,430

Multiplied by 7% x .07

Equals $ 450.10

Deposit without interest equals $ 450.00
20 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-4 Computing the Deposit (Cont.)

C. Adding Interest Interest begins to accrue on deposits for post-1956 military service on

October 1, 1985, or 2 years after an individual is first employed (or

reemployed after a period of military service) in a position subject to CSRS. 

See 23A3.1-5, paragraph A, for more information.

Unlike the deposit for civilian service, the interest on deposits for post-1956

military service accrues and compounds annually on the employee's

personal Interest Accrual Date or IAD. (See 23A3.1-5, paragraph B, for

details.) Because the interest accrual period will not generally coincide with

the calendar year, two interest rates may apply. (Interest rates are set on a

calendar year basis.)

It is the agency's responsibility to compute interest on deposits for

post-1956 military service. Detailed instructions for computing the interest

are included in section 23A3.1-5.
 CSRS Service Credit Payments for Post-1956 Military Service 21

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-5 Computing the Interest

A. General Rules The CSRS law provides a 2-year interest-free grace period on deposits. 

After the 2-year period, interest is accrued and compounded annually.

1. For employees first employed prior to October 1, 1983, interest

started accruing October 1, 1985. The earliest possible interest

posting for an unpaid military service deposit is October 1, 1986.

2. For employees first employed on or after October 1, 1983, interest

started 2 years from the date the individual was first employed subject

to CSRS. The first IAD is 1 year later, that is, 3 years from the date

the individual was first employed subject to CSRS.

3. If military service was performed after the date of first employment

and after October 1, 1983, interest for that period of military service

starts 2 years from the date the employee returns to a position subject

to CSRS or CSRS Offset.

4. For employees first employed subject to CSRS deductions prior to

October 1, 1983, but separated before October 1, 1982, interest starts

to accrue 2 years from the date the employee is reemployed in a

position subject to CSRS or FERS. 

NOTE: Because interest accrues annually, there is, in effect, a

3-year interest-free period if the deposit is paid in full

before the first IAD. However, interest will accrue during

the year following the 2-year grace period on any amount

not deposited before the first IAD.
22 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-5 Computing the Interest (Cont.)

B. Interest Accrual

Date (IAD)

The Interest Accrual Date or IAD is the date each year when accrued

interest is added to the amount of deposit owed by the employee. The

employee's first IAD is the date 1 year after the date the interest-free grace

period ends. Thereafter, the IAD falls each year on the anniversary of the

first IAD until the deposit is paid. Interest compounds (becomes part of the

deposit due) annually on the employee's IAD.

EXAMPLE:

First Employed 7-3-73

Military Service 10-2-75 to 10-1-77

Grace Period Expires 9-30-85

Deposit Becomes Subject

to Interest 10-1-85

IAD 10-1-86

Computing the IAD:

The initial IAD for employees who perform military service after the date

they are first hired in a position covered by CSRS (including CSRS Offset)

and after October 1, 1983, is 3 years from the date the employee returns to

a position subject to CSRS retirement deductions.

EXAMPLE:

First Employed under CSRS 3-5-75

Separated 7-22-86

Military Service 8-3-88 to 8-2-91

Rehired under CSRS 6-3-92

Grace Period Expires 6-2-94

Initial IAD 6-3-95

Interest is computed on the unpaid balance as of June 2 of each year

thereafter, until the deposit is paid in full. 

Section 23A3.1-5 Computing the Interest (Cont.)
 CSRS Service Credit Payments for Post-1956 Military Service 23

Chapter 23

CSRS and FERS Handbook April 1998

C. Accruing and

Compounding

Interest

Annually

When the employee first reaches his or her initial IAD, the agency must

compute and post the first interest charge. The computation is based upon

the account balance as of the day before the IAD.

NOTE: Interest is not charged on deposits for the year they are paid in

full as long as it is prior to the IAD. (See section 23A3.1-5,

paragraph J for a discussion of timely remittances.)

Thereafter, unless the deposit balance is paid in full during the year, interest

must be computed on the unpaid balance and posted each year on the

employee's IAD until the deposit is paid in full. The subsequent interest

charges are computed on the deposit balance as of the day before the IAD.

D. Interest Rates Interest is charged at the following market interest rates.

Variable Interest Rates

Year

Interest 

Rate Year

 Interest

 Rate

1985

1986

1987

1988

1989

1990

13.0%

11.125%

9.0%

8.375%

9.125%

8.75%

1991

1992

1993

1994

1995

1996

1997

 > 1998

All future

periods

8.625%

8.125%

7.125%

6.25%

7.0%

6.875%

6.875%

6.75% < 

To be determined by the

Department of the Treasury

Interest rates on CSRS military service deposits are computed on a calendar

year basis, January 1 through December 31. Thus, the interest rate to be

charged on an IAD of October 1 reflects 3 months of the interest rate of the

prior calendar year (October through December) and 9 months of the

interest rate of the calendar year in which the interest is posted (January

through September). (See section 23C1.1-4 for composite interest rate

charts.)
24 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-5 Computing the Interest (Cont.)

E. Compute Interest

Rate

Interest rates on CSRS military service deposits are computed on a calendar

year basis, January 1 through December 31. Thus, the interest rate to be

charged on an IAD of October 1 reflects 3 months of the interest rate of the

prior calendar year (October through December) and 9 months of the

interest rate of the calendar year in which the interest is posted (January

through September). See section 23C1.1-4 for composite interest rate

charts.

F. Computation of

Composite Interest

Rate for

Employees First

Employed under

CSRS prior to

October 1, 1983

If the employee makes the deposit prior to the first IAD, no interest is

charged.

The composite rate for interest posting is computed as follows.

Fraction of interest in prior calendar year =

30 (days in a month) x 3 (Oct through Dec) = .2500

 360 (days in a year)

Fraction of interest in calendar year posting occurs =

1.0000 - .2500 = .7500
 CSRS Service Credit Payments for Post-1956 Military Service 25

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-5 Computing the Interest (Cont.)

F. Computation of

Composite interest

Rate for

Employees First

Employed under

CSRS prior to

October 1, 1983

(Cont.)

EXAMPLE: Computation of composite rate for October 1, 1986, posting.

1985 interest rate - 13.000% x .2500 = 3.250%

1986 interest rate - 11.125% x .7500 = 8.344%

Composite Rate = 3.25% + 8.344% = 11.594%

G. Computation of

Composite Interest

Rate for

Employees First

Employed Under

CSRS On or After

October 1, 1983

In determining the fractions of the year-long interest computation period

that fall into each of the two relevant calendar years, all months are

presumed to be 30 days in length (except for using the actual number of

days in the month containing the IAD--see example below) and the year is

presumed to be 360 days long.

1. The formula for determining the fraction of the year-long interest

computation period that falls into each of the two relevant calendar

years is as follows.

F1 = (30 x M) + D - G

360

F2 = 1 - F1

F1 = Fraction of interest for computation period in year 1.

F2 = Fraction of interest for computation period in year 2.

M = Total number of complete months remaining in the year, after 

the month that contains the last day of the interest-free grace

period.

D = Total number of actual calendar days in the month that

contains the last day of the interest-free grace period. The

variable D is determined by the actual calendar days of the

month in which the IAD occurs. However, for computation

purposes, add 1 day to the variable D unless the number is

31.

G = The day before the IAD.
26 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-5 Computing the Interest (Cont.)

G. Computation of

Composite Interest

Rate for

Employees First

Employed Under

CSRS On or After

October 1, 1983

(Cont.)

2. The formula for computing the composite rate is as follows.

(CY interest rate x F1)

Plus

(CY interest rate x F2)

EXAMPLE: Interest fraction computation

 First employed 10-16-83

*Grace period ends 10-15-85

 IAD 10-16-86

M = 2

D = 31

G = 15

F1 = (30 x 2) + 31 - 15 = 76 = .2111

360 360

F2 = 1 - .2111 = .7889

Composite rate computation

(CY 1985 rate x F1) + (CY 1986 rate x F2)

(13% x .2111 = 2.744%) + (11.125% x .7889 = 8.777%)

Composite Rate = 2.744% + 8.777% = 11.521%

To simplify the interest computation process, OPM has prepared a

Composite Interest Rate Table providing the rates for each IAD during the

period October 1, 1986, through October 1, 1997. (See section 23C1.1-3

for composite interest rate tables.)
 CSRS Service Credit Payments for Post-1956 Military Service 27

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-5 Computing the Interest (Cont.)

H. Adding Interest

When No

Payments Have

Been Made

Interest is assessed and posted annually on the employee's Interest Accrual

Date (IAD).

The formula for computing accrued interest is as follows.

Deposit amount x Composite Interest rate = Accrued Interest

(Round accrued interest due to the nearest cent.)

EXAMPLE: Military Service 7-1-60 to 6-30-62

Basic Pay Received $ 6,340.00

Deposit Due $ 450.00

First Employed 8-1-70

IAD 10-1-86

(1) (2) (3) (4) (5)

IAD Deposit x Composite = Interest Total

Amount Interest Rate Accrued Due

 (2 X 3) (2 + 4)

10-1-86 $ 450.00 11.594% $ 52.17 $ 502.17

10-1-87 502.17 9.531% 47.86 550.03

10-1-88 550.03 8.531% 46.92 596.95

10-1-89 596.95 8.938% 53.36 650.31

I. Adding Interest

When Partial

Payments Have

Been Made

Interest is charged on the unpaid balance as of the day before the

employee's IAD. (See discussion in paragraph K of this section.)

EXAMPLE: Using the composite interest rates in the example above,

with the employee having made payments of $100.00 on

June 1, 1988, and $150.00 on September 17, 1989, the

example becomes:

(1) (2) (3) (4) (5)

IAD Deposit Composite Interest Payment Total

Amount Interest Accrued Made Due

10-1-86 $ 450.00 11.594% $ 52.17 $ 502.17

10-1-87 502.17 9.531% 47.86 550.03

$ 100

10-1-88 450.03 8.531% 38.39 488.42

 150

10-1-89 338.42 8.938 30.25 368.67
28 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-5 Computing the Interest (Cont.)

J. Timely

Remittance

1. Authorized Official

The agency is responsible for establishing the procedures for

employees to make payments to the agency, for accepting such

payments from the employees, and for submitting the payments to

OPM in accordance with OPM's instructions. As a necessary part of

this responsibility, the agency should designate an official authorized

to provide instructions to its employees for making timely deposit

payments and for accepting such payments when made.

2. Received by the Agency Before the IAD

To be considered a timely remittance, deposit payments must be

received by the agency--that is, physically in the possession of the

agency official authorized to receive these payments--by the close of

business on the last regular business day before the IAD. Thus, for

deposits sent by mail, the date on the postmark does not constitute the

date of payment.

Example: Martha was first employed under CSRS on October 15, 1983. 

She has an initial IAD of October 15, 1986. On each October 15 thereafter,

interest is added to her account based on the balance in the account as of

October 14 of that year until the deposit is paid in full.

If Martha mails a payment to the agency and it is received by the

appropriate agency official as of the close of business on Friday, October

13, 1989, its last regular business day before Martha's IAD, the amount of

the payment is deducted from her account balance before assessing interest

for the period October 15, 1988, through October 14, 1989. If the payment

was postmarked on Friday, October 13, 1989, but was not physically in the

possession of the appropriate agency official, the payment would not be

deducted before assessing the interest charge.

K. Agency Payment

of Interest

1. Interest Charges Must Be Paid

There is no provision in law or regulation for the waiver of interest

charged on military deposit accounts. It is OPM policy that if a

remittance is not timely, interest must be charged on the deposit (see

5 CFR 831.105). Agencies should advise employees of this policy so

they can take the necessary steps to make timely payments if they

want to avoid the additional interest charges.
 CSRS Service Credit Payments for Post-1956 Military Service 29

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-5 Computing the Interest (Cont.)

K. Agency Payment

of Interest

(Cont.)

2. Agency Payment for the Employee

If the agency determines that its errors caused the employee to be

liable for additional interest, and the agency has authorization to

spend monies for this purpose, it may pay, on behalf of the employee,

the interest charges caused by its errors.
30 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-6 Establishing the Deposit Account

A. Establishing the

Deposit Account

The agency finance office must:

1. Establish an employee deposit account for accepting the deposit

payment or installment payments, if any. If the employee does not

make the payment in a lump sum, a payment schedule must be

established to permit installment payments (see section 23A2.1-3) of

at least $50 each. Agencies may, but are not required to, accept

installments of less than $50. Agencies may agree to an installment

schedule with the employee, but should encourage the employee to

complete the payment as soon as possible; and

2. Enter payments in item 9, Record of Payments, on the OPM Form

1514, Military Deposit Worksheet (or an equivalent, if the agency has

automated this process).

NOTE: Survivors may not make installment payments; their payments

must be completed in a lump sum. (See Chapter 70 for a

discussion of survivor deposits.)
 CSRS Service Credit Payments for Post-1956 Military Service 31

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-7 Preparing SF 2806 for Military Service Credit Deposit

A. Preparing

SF 2806

The finance office must do the following.

1. Prepare a separate SF 2806 (Individual Retirement Record) for an

employee who makes a military deposit for post-1956 military

service.

NOTE: Each employee who makes a military deposit to the agency will

have two SF 2806's, one for civilian service retirement

deductions and one for military deposit service. Under no

conditions may a deposit made for military service be posted

on the employee's regular (civilian service retirement

deductions) SF 2806. See subchapter 23C for a sample of a

correctly completed SF 2806 for military service deposit.

2. Note the following under the Service History portion of the SF 2806

in order to distinguish it from the regular SF 2806,

"Military Service History and Deposit Record."

3. Post the military service history for each period of service for which

the employee makes a deposit.

4. Indicate time lost following each entry, if applicable.

5. Post deposits for military service annually as with retirement

contributions.

IMPORTANT: Make certain that amounts paid by an employee are

posted to the correct SF 2806.
32 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-8 Inactive Accounts

A. Before

Removing

Accounts from

Active Files

If the employee is not currently making payments on the deposit, the agency

may remove the Deposit Payment Worksheet from its active accounts after

a reasonable period, to be established by the agency, expires.

Before removing the account from the active files:

1. Advise the employee of the intended action and give him or her an

opportunity to complete the deposit prior to removing the account

from the active file; and

2. Advise the employee that monies are refunded only if the employee:

• Meets all criteria for a refund (See Chapter 32, Refunds) or

• Retires without completing the deposit.

B. After Removing

Accounts from

Active Files

1. The agency must retain the:

• SF 2806, Individual Retirement Record for Military Service

Deposit;

• SF 2803, Application to Make Deposit or Redeposit;

• OPM Form RI 20-97, Estimated Earnings during Military

Service; and

• OPM Form 1514, Military Deposit Worksheet

until the employee's regular retirement SF 2806, Individual

Retirement Record, is sent to OPM when the employee transfers,

separates, or dies in service.

2. The agency must establish procedures by which an employee may

reactivate the military deposit account at a later date.

C. Death Before

Deposit Is

Completed

Chapter 70 contains the procedures a surviving spouse or former spouse

must follow to make a post-1956 military service credit deposit when an

employee dies in service. See Chapter 70 for processing death-in-service

benefits.
 CSRS Service Credit Payments for Post-1956 Military Service 33

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-9 Closing Out SF 2806 for Military Service Credit Deposit

A. Completed

Payments

When the deposit is complete, the agency must close out the SF 2806. 

Follow the procedures in Chapter 81, Individual Retirement Records and

Registers of Separations and Transfers, for closing out the SF 2806, except

as shown below.

1. Note in the "Remarks" column of the SF 2806,

"Deposit Paid in Full."

2. Retain the SF 2806, SF 2803, the RI 20-97, documentation of basic

pay, and OPM Form 1514, Military Deposit Worksheet, until the

employee transfers, separates, or dies in service.

NOTE: Refer to subchapter 23C for a sample of SF 2806 and

proper posting guidelines.

3. When the employee transfers, separates, or dies in service, send the

SF 2806, the SF 2803, and the OPM Form 1514, Military Deposit

Worksheet, for a completed deposit for military service to OPM with

the employee's regular retirement SF 2806.

4. The agency must retain Form RI 20-97 showing the estimated

earnings along with a copy of the Military Deposit Worksheet. File

them on the right side of the employee's OPF.

5. Give a copy of the OPM Form 1514, Military Deposit Worksheet,

showing the completed military deposit to the employee for his or her

records.

NOTE: Do not confuse these special closeout procedures with those for

the regular SF 2806.
34 CSRS Service Credit Payments for Post-1956 Military Service

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23A3.1-9 Closing Out SF 2806 for Military Service Credit Deposit (Cont.)

B. Incomplete

Payments

When an individual transfers from one organization to another under

circumstances that require the regular retirement SF 2806 to be sent to

OPM and an application for military service deposit has been filed by the

employee, the losing agency must:

1. Close out the account by following the procedures described in

paragraph A above. Note in the "Remarks" column,

"Employee Transferred to Another Agency."

2. Forward the appropriate documentation (that is, SF 2803, SF 2806,

and OPM Form 1514) to OPM;

3. Give the employee a current copy of the OPM Form 1514, Military

Deposit Worksheet, which provides him or her with a current

statement of the account, including the balance due; and

4. File the Form RI 20-97 showing the estimated earnings and a copy of

the Military Deposit Worksheet on the right hand side of the

employee's OPF.
 CSRS Service Credit Payments for Post-1956 Military Service 35

Chapter 23

CSRS and FERS Handbook April 1998

Section 23A3.1-10 Remitting Deposit to OPM

A. General Agency finance offices must use the SF 2812 system to remit military

service credit deposits to OPM. The SF 2812, Report of Withholdings and

Contributions for Health Benefits, Group Life Insurance, and Civil Service

Retirement, includes a space to enter the amount collected for military

service deposits.

NOTE: See Chapter 80, Payroll Office Reporting of Deductions and

Contributions, for a sample copy of SF 2812.

B. Procedures Use the procedures for remitting deposits for military service as outlined in

Chapter 80.

• Do not delay scheduled submission of the SF 2812 if problems occur

with the deposits for military service. After the problem is

reconciled, the deposits may be submitted on a subsequent SF 2812.

• Include military deposit remittances in the total credit to the OPM

appropriation symbol 24X8135.8 on the monthly statements of

transactions.
36 Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Subchapter 23B FERS

Part 23B1 General Information

Section 23B1.1-1 Overview

A. Introduction Subchapter 23B outlines the rules and policies that apply to service credit

payments for post-1956 military service under the Federal Employees

Retirement System (FERS).

This subchapter explains how FERS differs from CSRS. It refers readers to

the CSRS rule that applies or gives the FERS rule if it is different.

B. Organization of

Subchapter

The FERS subchapter has three parts.

Part Name of Part Page

23B1 General Information 36

23B2 Employee Procedures and

Responsibilities

44

23B3 Employing Office

Procedures

45

C. Statement of

Authority

This subchapter is based on the laws and regulations cited below.

• United States Code: 5 U.S.C. 8411(c), 8422(e)

• Code of Federal Regulations: 5 CFR 842.307
Service Credit Payments for Post-1956 Military Service FERS 37

Chapter 23

CSRS and FERS Handbook April 1998

Section 23B1.1-2 Applicable CSRS Provisions

A. Applicable CSRS

Provisions

The following part and sections of subchapter A apply to FERS employees

with the exceptions noted in paragraph B below.

• Section 23A1.1-3 Definitions

• Part 23A2 Employee Procedures and Responsibilities

• Section 23A3.1-1 Accepting the Employee's SF 2803

• Section 23A3.1-2 Computing the Amount of Creditable

Military Service

• Section 23A3.1-3 Determining the Amount of Basic Pay

• Section 23A3.1-6 Establishing the Deposit Account

• Section 23A3.1-7 Preparing SF 2806 for Military Service

Credit Deposit

• Section 23A3.1-8 Inactive Accounts

• Section 23A3.1-9 Closing Out SF 2806 for Military Service

Credit Deposit

• Section 23A3.1-10 Remitting Deposits to OPM

• Section 23A3.1-11 Preparing Annual Summary
38 Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23B1.1-2 Applicable CSRS Provisions (Cont.)

B. Exceptions 1. The following FERS forms replace the CSRS forms in each of the

sections above.

• SF 3108, Application to Make Service Credit Payment for

Civilian Service

• SF 3107-1, Certified Summary of Federal Service

• SF 3100, Individual Retirement Record

• SF 3103, Register of Separations and Transfers

2. The statement to be inserted on the SF 3108 is included in section

23B2.1-1.
Service Credit Payments for Post-1956 Military Service FERS 39

Chapter 23

CSRS and FERS Handbook April 1998

Section 23B1.1-3 Background

A. Military Deposit A FERS employee may receive credit for post-1956 military service under

FERS rules only if he or she deposits with the employing agency a sum

equal to 3 percent of the military basic pay he or she earned during the

period of military service, plus interest.

A deposit is necessary to use post-1956 military service both for eligibility

for an annuity and for computation purposes.

EXAMPLE: John is 58 years old. He has 8 years of creditable civilian

service and 3 years of post-1956 military service. If he makes his post1956 military deposit, he can retire under the MRA + 10 provision. If he

does not make the deposit, he is not eligible to retire until age 62.

NOTE: See Chapter 22 for additional information on the crediting of

military service.

B. Where Deposit

Is Made

Military deposits must be made to the employing agency.
40 Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23B1.1-4 Service Subject to FERS Military Service Deposit Rules

A. Service Subject

to FERS

Military Service

Deposit Rules

Military service is subject to FERS rules on military service deposits if:

• The employee was automatically subject to FERS on

January 1, 1987;

• The employee was automatically covered by FERS upon conversion

from a position excluded from FERS to a position covered by FERS;

• The employee was automatically covered by FERS upon reentering

service after January 1, 1987;

• The employee performed the military service after transferring to

FERS, regardless of whether he or she will be eligible for a CSRS

annuity component; or

• The employee elected FERS coverage sometime after

June 30, 1987, and had less than 5 years of civilian service (not

counting any civilian service covered simultaneously by both Social

Security and CSRS after December 31, 1983) before the effective date

of the election.

EXAMPLE: Edith performed military service from 7-1-76 to 6-30-78. 

She was appointed to a career appointment under CSRS on 11-1-78 and

separated from CSRS on 10-30-82. Edith was reinstated in a career

appointment on 2-1-85 under CSRS Interim/Offset and elected FERS on

9-1-87. She had less than 5 years of civilian service that was not under

both CSRS and Social Security when she elected FERS coverage, so she

has no future entitlement to a CSRS component in the computation of her

FERS annuity.

Therefore, Edith's military service is credited under FERS rules. If she

had completed a CSRS military deposit (at 7% of basic pay), she would be

eligible for a return of excess contributions. (See Chapter 33, Return of

Excess Contributions, for additional information on returns of excess

deductions.)
Service Credit Payments for Post-1956 Military Service FERS 41

Chapter 23

CSRS and FERS Handbook April 1998

Section 23B1.1-4 Service Subject to FERS Military Service Deposit Rules (Cont.)

A. Service Subject

to FERS

Military Service

Deposit Rules

(Cont.)

Employees in the categories above:

1. Pay a deposit of 3 percent of military basic pay;

2. Have the extended interest-free period (see section 23B3.1-2); and

3. Are not treated differently if they first became subject to CSRS before

October 1, 1982.

NOTE: Employees who transfer to FERS and have a CSRS component

continue to be under the CSRS military deposit rules for service

performed before the transfer.
42 Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23B1.1-5 Who Can Make a Military Service Deposit

A. General Rule:

Current

Employees

An employee subject to FERS may make a deposit for any full period of

military service prior to separation from service.

1. If the employee delays making the military deposit until the time he or

she separates for retirement, the deposit must be made, in full, to the

employing agency before OPM completes the adjudication of the

annuity. The agency should inform the employee that final

adjudication of his or her annuity will be delayed.

2. Except as noted in paragraph A1 above, a separated employee may

not make a military service deposit.

B. Employee Who

Elects a

Postponed

Annuity

If an employee meets the requirements to retire optionally under the FERS

MRA+10 provision and postpones the annuity, he or she must pay the

military service credit deposit to the agency before separation from

service.

C. Survivor of a

Former

Employee

Eligible for a

Deferred

Annuity

A survivor of a former employee who was eligible at the time of death for a

deferred annuity may receive a survivor annuity based on the former

employee's creditable service but the survivor may not make a military

service deposit. See Chapter 70 for a discussion of survivor deposits when

the employee dies in service.
Service Credit Payments for Post-1956 Military Service FERS 43

Chapter 23

CSRS and FERS Handbook April 1998

Section 23B1.1-6 Refund of Deposit

A. Refund Before 

Retirement

Either a completed or partial deposit for a period of service is refunded to a

separated employee who applies for (and is entitled to) a refund of all

retirement deductions. > Interest is paid on the FERS military service

deposit. (See Chapter 32 for additional details.) <

B. Refund Upon

Application for

Retirement

The information in section 23A1.1-5, paragraph B, applies to FERS

employees, except for the statement that a reemployed annuitant can

redeposit a refunded military deposit. FERS does not permit redeposits. 

(Also see paragraph C.)

NOTE: At retirement FERS disability retirees under age 62 will have to

make a decision about the use of military service at age 62. If

the employee is receiving military retired pay and decides not to

waive it, he or she is entitled to a refund of the military deposit. 

However, the employee may want to waive the military retired

pay at age 62. A FERS disability annuity will be recomputed at

age 62 to an amount that represents the annuity the person

would have received if he or she had continued working until

the day before his or her sixty-second birthday and then retired

under the FERS nondisability provisions. Including the military

service at age 62, therefore, may entitle the individual to a

higher annuity benefit. If the disability annuitant has received a

refund of the military service deposit, it will not be possible to

make a deposit for such service to include it in the computation

of the annuity at the time the recomputation is made.

C. Refunded

Military Service

Credit Deposit

Cannot Be

Repaid

Unlike CSRS employees, if a FERS employee separates from Federal

service and receives a refund of contributions and deposits or redeposits

made to the Fund, he or she does not have a right to pay back the post-1956

military service credit deposit.
44 Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Part 23B2 Employee Procedures and Responsibilities

Section 23B2.1-1 Applying for Deposit

A. Applying for

Deposit

The information in Part 23A2 applies to FERS employees whose military

service will be credited under FERS rules; however, agencies must insert

the statement shown in section 23B2.1-1B below on the SF 3108.

B. Complete

SF 3108

If the FERS employee decides to pay the military deposit, he or she must

obtain SF 3108, Application to Make Service Credit Payment for Civilian

Service, from the employing agency. (See subchapter 23C for a sample

copy of this form.)

The space below that in which the employee enters the military service to

be covered by a deposit must contain the following statement to be entered

by the employing agency.

"I wish to pay the deposit necessary to obtain credit for my military service

after 1956. I understand that the entire deposit must be paid to my agency

before separation for retirement and that if I do not complete the deposit at

that time, the post-1956 military service will not be used to compute or

establish title to a FERS annuity. Any incomplete deposit that will not pay

for one or more full periods of military service will be refunded. 

Otherwise, my deposit is refundable only if I become eligible for a refund

of civil service retirement contributions, or retire without waiving my

military retired pay (if any).

"I further understand that the military deposit cannot be deemed paid at

retirement if I am eligible for and elect an alternative annuity. If I do elect

the alternative annuity upon retirement, any completed military deposits

made to the Fund will be refunded to me along with any other retirement

contributions or payments I made to the Fund."
Service Credit Payments for Post-1956 Military Service FERS 45

Chapter 23

CSRS and FERS Handbook April 1998

Part 23B3 Employing Office Procedures

Section 23B3.1-1 Computing the Deposit

A. General The amount of the deposit is 3 percent of the basic pay (see section

23A2.1-2) earned during the period(s) of service, plus interest.

 NOTE: Under the Uniformed Services Employment and Reemployment

Rights Act of 1994 (USERRA), approved October 13, 1994, the

military deposit may, in some cases, be less than 3 percent of

the basic military pay earned. See section 23A2.1-4A for

further information. 

B. Deposit Formula As stated in section 23A2.1-2, the employee is responsible for providing

documentation of basic pay earned. Use the amount provided to determine

the deposit due.

Deposit Formula:

Deposit = Amount of Basic Pay x 3%

Round the product to the nearest dollar (that is, $0.50 or more round up,

$0.49 or less round down).

Example: Basic Pay Received $ 6430

Multiplied by 3% x .03 

Equals $ 192.90

Principal Equals $ 193.00

C. Employees Who

Transfer to

FERS While on

Military

Furlough

Military service is broken into two periods based on the effective date of

FERS coverage for employees who transfer to FERS while on military

furlough and have a CSRS component.

1. Military service performed before the effective date of FERS coverage

is under CSRS rules (unless the employee is not eligible for a CSRS

annuity component).

2. Military service performed on or after the effective date of FERS

coverage is under FERS rules.

This rule applies even if the employee was in CSRS Offset before/during

the military furlough.
46 Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23B3.1-2 Computing the Interest

A. General Rules The FERS law provides a 2-year interest free grace period on deposits. 

After the 2-year period, interest is assessed and compounded annually on

the balance due in the deposit account as of the day before the employee's

IAD.

1. For employees first employed prior to January 1, 1987, interest

started to accrue January 1, 1989.

2. For employees first employed on or after January 1, 1987, interest

begins to accrue 2 years from the date the individual was first

employed subject to FERS.

3. If military service was performed after date of first employment and

after January 1, 1987, interest starts to accrue 2 years from the date

the employee returns to a position subject to FERS.

4. For employees who elect FERS coverage sometime after June 30,

1987, if they have less than 5 years of civilian service (not counting

any civilian service covered simultaneously by both Social Security

and CSRS after December 31, 1983) before the effective date of the

election, interest begins to accrue 2 years from the date of transfer.

NOTE: Because interest accrues annually, there is, in effect, a 3-year

interest free period if the deposit is paid in full before the first

IAD. However, interest will accrue during the year following

the 2-year grace period on any amount not deposited before the

first IAD.

B. Interest Rates

and Posting

Dates for

Employees First

Employed Prior

to January 1,

1987

For employees first hired prior to January 1, 1987, the 2-year grace period

ends on January 1, 1989. Interest accrues during calendar year 1989 at the

variable interest rate for the year, 9.125 percent. Interest is compounded

and posted January 1, 1990.

For any amount not deposited by January 1, 1990, interest accrues during

calendar year 1990 at the variable interest rate of 8.75 percent. Interest will

be compounded and posted on January 1, 1991. Interest is assessed on the

remaining balance and posted each year.

The variable interest rate is determined yearly by the Department of the

Treasury.

NOTE: Subchapter 23C contains tables of interest rates for military

deposits.
Service Credit Payments for Post-1956 Military Service FERS 47

Chapter 23

CSRS and FERS Handbook April 1998

Section 23B3.1-2 Computing the Interest (Cont.)

C. Computation of

Composite

Interest Rates

for Employees

First Employed

On or After

January 1, 1987

The information in section 23A3.1-5, paragraph G, applies to FERS

employees first employed on or after January 1, 1987.

NOTE: See section 23C1.1-4 for tables of composite interest rates in

order to simplify the composite interest rate computation

process.

D. Timely

Remittance

The information in section 23A3.1-5, paragraphs J and K, applies to FERS

employees.
48 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Subchapter 23C Job Aids

Section 23C1.1-1 Sample Forms

This section contains copies of the following sample forms.

SF 2803 Application to Make Deposit or Redeposit (for pre-October 1,

1982, CSRS employees)

SF 2803 Application to Make Deposit or Redeposit (for postSeptember 30, 1982, CSRS employees)

SF 2801-1 Certified Summary of Federal Service

SF 2806 Individual Retirement Record

Composite Interest Rate Tables

Forms Used to Document Actual Military Earnings

SF 3107-1 Certified Summary of Federal Service

SF 3100 Individual Retirement Record

SF 3108 Application to Make Service Credit Payment for Civilian

Service

Sample Letter to Remind Employees about Military Deposits
Service Credit Payments for Post-1956 Service 49

Chapter 23

Civil Service

Retirement System

APPLICATION TO MAKE DEPOSIT OR REDEPOSIT

CIVIL SERVICE RETIREMENT SYSTEM

TO AVOID DELAY IN PROCESSING:

1. Read the attached information carefully.

2. Typewrite or print in ink.

3. Complete Part A in full and have your employing agency complete Part B. If you are not Federally

employed, Part B need not be completed.

 OMB Approved 

No. 3206-0134

Expires 5/31/90

A. TO BE COMPLETED BY THE APPLICANT

1. Name (Last) (First) (Middle) 2. List all Other Names You Have Used 3. Birthdate (Month, day, year)

4. Address (Number and Street) 5. Department or Agency in Which Presently or Last Employed,

Including Bureau, Branch, or Division

6. Social Security No.

 * *

(City, State and ZIP Code) 7. Location of Employment (City and State) 8. Title of Last Position

List in chronological order all "deposit" periods of civilian service during which no Civil Service Retirement deductions were withheld from your salary; and all "redeposit" 

periods of civilian service during which retirement deductions were withheld and later refunded to you.

Department or Agency, Including Bureau,

Branch, or Division, Where Employed

Location of Employment

(City and State)

Title of Position

Periods of Service Check Whether Deductions Were

Not Withheld or Were Withheld

and Refunded

Beginning Date Ending Date Not

Withheld

Withheld

and

Refunded

"I wish to pay the deposit for my military service after 1956. I understand that the entire deposit must be paid to my agency before separation for retirement and that if I do not complete the

deposit at that time, the post-1956 military service will not be used to compute my annuity after age 62, if I am eligible for Social Security benefits at that time. Any incomplete deposit that will not pay one or more full periods of military

service will be refunded. Otherwise, my deposit is refundable only if I become eligible for a refund of civil service retirement contributions, or retire without waiving my military retired pay (if any).

"I further understand that the military deposit cannot be deemed paid at retirement if I am eligible for and elect an alternative annuity. If I do elect the alternative annuity upon retirement, any completed military deposits I made to the Fund 

will be refunded to me along with any other retirement contributions or payments I made to the Fund."

9. Are Deductions for Civil Service Retirement Now Being

Withheld From Your Salary?

G Yes G No

10. If Your Answer is "No," Give the Date of Separation From

Your Last Position Under the Civil Service Retirement Law

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx<

Date of Separation

Signature of Applicant Telephone Number (Including area code) Where You Can Be

Reached During the Day

Date

Office of Personnel Management 2803-110 NSN 7540-00-034-4252 Standard Form 2803

Revised March 1987

August, 1996 CSRS and FERS Handbook
Service Credit Payments for Post-1956 Military Service 50

Chapter 23

Civil Service

Retirement System

APPLICATION TO MAKE DEPOSIT OR REDEPOSIT

CIVIL SERVICE RETIREMENT SYSTEM

TO AVOID DELAY IN PROCESSING:

1. Read the attached information carefully.

2. Typewrite or print in ink.

3. Complete Part A in full and have your employing agency complete Part B. If you are not Federally

employed, Part B need not be completed.

 OMB Approved 

No. 3206-0134 

Expires 5/31/90

A. TO BE COMPLETED BY THE APPLICANT

1. Name (Last) (First) (Middle) 2. List all Other Names You Have Used 3. Birthdate (Month, day, year)

4. Address (Number and Street) 5. Department or Agency in Which Presently or Last Employed,

Including Bureau, Branch or Division

6. Social Security No.

 * *

(City, State and Zip Code) 7. Location of Employment (City and State) 8. Title of Last Position

List in chronological order all "deposit" periods of civilian service during which no Civil Service Retirement deductions were withheld from your salary; and all "redeposit" 

periods of civilian service during which retirement deductions were withheld and later refunded to you.

Department or Agency, Including Bureau

Branch or Division, Where Employed

Location of Employment

(City and State)

Title of Position

Periods of Service Check Whether Deductions Were

Not Withheld or Were Withheld

and Refunded

Beginning Date Ending Date Not

Withheld

Withheld

and

Refunded

"I wish to pay the deposit necessary to obtain credit for my military service after 1956. I understand that the entire deposit must be paid to my agency before separation for retirement and 

that if I do not complete the deposit at that time, the post-1956 military service will not be used to compute or establish title to a CSRS annuity. Any incomplete deposit that will not pay for 

one or more full periods of military service will be refunded. Otherwise, my deposit is refundable only if I become eligible for a refund of civil service retirement contributions, or retire without

waiving my military retired pay (if any).

"I further understand that the military deposit cannot be deemed paid at retirement if I am eligible for and elect an alternative annuity. If I do elect the alternative annuity upon retirement, any

completed military deposits I made to the Fund will be refunded to me along with any other retirement contributions or payments I made to the Fund."

9. Are Deductions for Civil Service Retirement Now Being

Withheld From Your Salary?

G Yes G No

10. If Your Answer is "No," Give the Date of Separation From

Your Last Position Under the Civil Service Retirement Law

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx<

Date of Separation

Signature of Applicant Telephone Number (Including area code) Where You Can Be

Reached During the Day

Date

Office of Personnel Management 2803-110 NSN 7540-00-034-4252 Standard Form 2803

Revised March 1987
 CSRS Service Credit Payments for Post-1956 Military Service FERS 51

Chapter 23

CSRS and FERS Handbook April 1998

CSRS and FERS Handbook August, 1996
52

April 1998 CSRS and FERS Handbook

Service Credit Payments for Post-1956 Military Service

Chapter 23

CERTIFIED SUMMARY OF FEDERAL SERVICE

CIVIL SERVICE RETIREMENT SYSTEM

U.S. Office of Personnel Management

Information for Agency

1. A certified copy of this form must accompany the employee's

Application for Immediate Retirement (SF 2801) or an

Application for Death Benefits (SF 2800) for a deceased

employee if a survivor annuity appears to be payable.

2. This form may also be used:

• for retirement counseling purposes

• to respond to an employee's request for a record of

creditable service.

3. See text of Chapter 23 for detailed instructions for

completion and disposition of this form.

Instructions for the Employee

1. Your employing office will complete and certify this form for you.

2. Review this form carefully. Be sure it contains all of your service.

3. Complete Section E, Employee's Certification, and return it to your

employing office.

Section A - Identification

1. Name of employee (Last, first, middle initial) 2. Date of birth (Month, day, year) 3. Social Security Number

Doe, John I. 2-21-25 123-45-6789

4. List all other names used (Maiden name, AKA, spelling variants) 5. Other birth dates used 6. Military serial number

None 77216681

None 7. Service computation date for retirement purposes

1-22-50

8a. Does the applicant receive military retired pay?

G YES Attach a copy of the applicant's military retired pay order, if

available and complete 8b.

G NO

8b. If YES, has the applicant waived military retired pay to credit military service for civil service

retirement?

G YES Attach a copy of the military finance center's letter to the employee accepting waiver, if

available

G NO (Includes cases where a waiver is unnecessary)

Section B - Verified Service History Documented in Official Records

Federal Agency or

Military Service Branch

Appointment, Separation or Conversion

Dates for Civilian and Active Honorable

Military Service

Name of 

Retirement System*

(e.g., CSRS,

CSRS Offset, etc.)

Remarks and Non-Creditable Time

(Indicate if Service is Part-Time)

To From
53

CSRS and FERS Handbook April 1998

U.S. Army

U.S. Army 10-5-57

10-5-61

10-4-60

10-4-64

(Deposit paid in full)

(Partial deposit paid)

* Give details of creditable civilian service not subject to retirement deductions in Section C.

U.S. Office of Personnel Management Standard Form 2801-1

Revised January 1990
Service Credit Payments for Post-1956 Military Service 54

Chapter 23

 LAST NAME FIRST NAME MIDDLE INITIAL DATE OF BIRTH SOC. SEC. NO. AGENCY PAYROLL OFFICE LOCATION PAYROLL OFFICE NO.

1. Doe, John I.__________________

MO DAY YR.

123

45 6789 2 21 25

2.__________________________

3.__________________________

4.__________________________

(Record each name change -

strike out previous name)

DO NOT USE OPM Region 4 Ft. Worth, TX 11 00 1111

SERVICE HISTORY FISCAL RECORD

EFFECTIVE

DATE

(1)

ACTION

(2)

BASE PAY

(3)

DO

NOT

USE

REMARKS

(4)

YEAR

(5)

CALENDAR YEAR

SALARY

DEDUCTIONS

(6)

ACCUMULATIVE

TOTAL SALARY

DEDUCTIONS

(7)

REMARKS

(8)

MILITARY SERVICE HISTORY AND DEPOSIT RECORD

10-5-57 to 10-4-60 U.S. Army - No time lost

(PAID IN FULL $444.34)

10-5-61 to 10-4-64 U.S. Army - 10 days lost 1983 544.34

(PARTIALLY PAID $100.00) DEPOSIT FOR MILITARY SERVICE CERTIFIED CORRECT

Transferred 

to agency 

XYZ 

(7-1-83)

(Signature and Title) 10-20-83

AUTHORIZED CERTIFYING OFFICER 

INDIVIDUAL RETIREMENT RECORD U.S. Office of Personnel Management Standard Form 2806

Rev. 2-80

CSRS and FERS Handbook August , 1996
 CSRS Service Credit Payments for Post-1956 Military Service FERS 55

Chapter 23

CSRS and FERS Handbook April 1998

FORMS USED TO DOCUMENT ACTUAL MILITARY EARNINGS

The following forms may be used to document actual military earnings for any given period if submitted as

evidence by the employee.

Army

DD 113, Military Pay Record, effective August 1951; May 1957; August 1960

FC Form T023 (TEST), Military Pay Voucher

DA 2139, Military Pay Voucher, effective July 1, 1958: July 1, 1961: October 1, 1963

DA 2349, Military Pay Voucher (MECH), effective August 1, 1961; September 1, 1972

DA 2139-1, Military Pay voucher, effective October 1, 1963

DA 3686(TEST), JUMPS, Army Leave and Earnings Statement, effective September 12, 1972; July 1, 1976;

August 1, 1977; August 1, 1978

DA 3686 J, Army Leave and Earnings Statement, effective August 1, 1982

Air Force

DD 1624 AF, Leave and Earnings Statement, effective July 1, 1967

AF Form 141, Leave and Earnings Statement, effective October 12, 1976

AF Form 141, Leave and Earnings Statement, effective April 1, 1980

Navy and Marines

DD 113, Individual Pay Record, effective January 1, 1957

DD 113-2C, Individual Pay Record, effective May 1, 1957

DD 1624, Leave and Earnings Statement, effective October 27, 1967

DD 1624-1C, Leave and Earnings Statement, effective August 1, 1978

Coast Guard

None
56 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Forms Used to Document Actual Military Earnings (Cont.)

Public Health Service

PHS-1313-1 (Rev. 6-59), Payroll Change Slip (Commissioned Officers)

PHS-1313-2 (4-50), Payroll Change Slip (Commissioned Officers)

OS-410 (6-64), Payroll Change Slip (Commissioned Officers)

OS-410 (Rev. 12/67; Rev. 12/75), Commissioned Officers' Statement of Earnings (DHEW)

PHS-6155 (9/79), Statement of Earnings and Deductions

National Oceanic and Atmospheric Administration

Coast and Geodetic Survey Form 34-14 (7/60), Statement of Earnings and Leave

ESSA Form 34-14 (1965), Statement of Earnings and Leave

NOAA Form 34-14 (10/4/70), Statement of Earnings and Leave
 CSRS Service Credit Payments for Post-1956 Military Service FERS 57

Chapter 23

CSRS and FERS Handbook April 1998

FEDERAL EMPLOYEES RETIREMENT SYSTEM

CERTIFIED SUMMARY OF FEDERAL

U.S. Office of Personnel Management

5 CFR Part 841

Information for Agency

1. A certified copy of this form must accompany an employee's

Application for Immediate Retirement (SF 3107) or an

Application for Death Benefits (SF 3104) for a deceased

employee if a survivor annuity or a spousal lump sum benefit

appears to be payable.

2. This form may also be used:

• for retirement counseling purposes

• to respond to an employee's request for a record of

creditable service.

Instructions for Employees

1. Your employing office will complete and certify this form for you. 

2. Review the form carefully. Be sure it contains all of your service.

3. Complete Section E, Employee's Certification, and return it to your 

employing office.

SECTION A - IDENTIFICATION

1. Name of Employee (Last, first, middle initial) 3. Date of Birth (Month, day, year) 4. Social Security Number

Davis, James D. 6-10-30 222-11-7777

2. List All Other Names Used (Maiden name, AKA, spelling variants) 5. Other Birth Dates Used 6. Military Serial Number

None None 33228810

7. Service Computation Date for Retirement Purposes

10-22-55

8. Did this employee elect to transfer to FERS? 

G No Gx Yes < Give effective date of election 11-8-87

9. If yes, is this employee entitled, according to your records, 

to have part of his/her annuity computed under CSRS rules?

G No Gx Yes

SECTION B - VERIFIED SERVICE HISTORY DOCUMENTED IN OFFICIAL PERSONNEL RECORDS

Federal Agency or

Military Service Branch

Appointment, Separation, or Conversion

Dates for Civilian and Active 

Honorable Military Service

Name of 

Retirement System* Remarks and Non-Creditable Time**

From To

U.S. Army

4-15-50

4-15-54

4-15-58

4-14-54

4-14-58

4-14-62

(Deposit completed for

 military service from

 1-1-57 to 4-14-62)

* Give details of creditable civilian service not subject to retirement deductions in Section C.

** In Remarks, show if CSRS service on and after January 1, 1984, is "regular" CSRS or CSRS Offset. Use retirement codes in The Guide to Processing Personnel Actions

 if necessary to properly identify service.

Standard Form 3107-1

Rev. March 1988

October 1991
Service Credit Payments for Post-1956 Military Service 58

Chapter 23

 Last Name First Name Middle Initial Date of Birth Social Security

1. Jones, Jane N. Month Day Year

022 76 3221

Agency Payroll Office Location Payroll Office No.

7 18 56

2.__________________________________

3.__________________________________

4.__________________________________

(Record each name change - strike out previous name)

XYZ Agency Region 2 Washington, DC 40-00-0002

SERVICE HISTORY FISCAL RECORD

Effective Date

(1)

Action

(2)

Base Pay

(3)

Remarks

(4)

Year

(5)

Calendar Year

Salary

Deductions

(6)

Accumulated

Salary

Deductions

(7)

Remarks

(8)

MILITARY SERVICE HISTORY AND DEPOSIT RECORD 1985 222.35

3-22-75 to 3-21-77 U.S. Army - No time lost Deposit for Military Service Certified Correct

(Deposit paid in full $222.35) (Signature and Title) 3-25-85

AUTHORIZED CERTIFYING OFFICER

 Register of Separations Number (SF 3103)

INDIVIDUAL RETIREMENT RECORD Standard Form 3100 

U.S. Office of Personnel Management (Federal Employees Retirement System) January 1987 

August, 1996 CSRS and FERS Handbook
Service Credit Payments for Post-1956 Military Service 59

Chapter 23

Federal Employees

Retirement System

APPLICATION TO MAKE SERVICE CREDIT PAYMENT FOR CIVILIAN SERVICE

FEDERAL EMPLOYEES RETIREMENT SYSTEM

TO AVOID DELAY IN PROCESSING:

1. Read the attached information carefully.

2. Typewrite or print in ink.

3. Complete Part A in full and have your employing agency complete Part B. If you are not Federally

employed, Part B need not be completed.

A. TO BE COMPLETED BY THE APPLICANT

1. Name (Last, First, Middle) 2. List All Other Names You Have Used 3. Birthdate (Mo, dy, yr)

4. Address (Number and Street) 5. Department or Agency in Which Presently or Last Employed,

Including Bureau, Branch, or Division

6. Social Security Number

 * *

(City, State, and ZIP Code) 7. Location of Employment (City and State) 8. Title of Position

9. Have you previously filed any application under G Yes (Complete items 

the Federal Employees Retirement System (FERS) 9a and 9b.)xxx<

or the Civil Service Retirement System (CSRS)? G No

9a. Type of G Service Credit Payment G Refund

Application

G Return of Excess Deductions G Retirement

9b. Claim Number(s) (if

available)

10. List below in chronological order all periods of Federal civilian service. Be sure all your service is listed so that the Office of Personnel Management (OPM) can bill you for the correct

amount. 

Department or Agency, Including Bureau

Branch or Division, Where Employed

Location of Employment

(City and State)

Title of Position

Periods of Service Check Whether Deductions Were Not

Withheld, Withheld and Refunded, or 

Withheld and Remain to Your Credit

Beginning Date Ending Date Not Withheld

Withheld and

Refunded

Withheld and

Not Refunded

"I wish to pay the deposit necessary to obtain credit for my military service after 1956. I understand the entire deposit must be paid to my agency before separation for retirement and that if I do not complete the deposit at 

time the post-1956 military service will not be used to compute or establish title to a FERS annuity. Any incomplete deposit that will not pay for one or more full periods of military service will be refunded. Otherwise, my 

deposit is refundable only if I become eligible for a refund of retirement contributions, or retire without waiving my military retired pay (if any).

"I further understand that the military deposit cannot be deemed paid at retirement if I am eligible for and elect an alternative annuity. If I do elect the alternative annuity upon retirement, any complete military deposits I made

to the Fund will be refunded to me along with any other retirement contributions or payments I made to the Fund."

11. Are deductions for the Federal Employees Retirement System now being withheld

from your salary?

G Yes G No

12. If your answer is "No," give the date of separation from your last position under the Federal

Employees Retirement System xxxxxxxxxxxxxxxxxxxxxxxxxxxx<

Date of Separation

13. Signature of Applicant 14. Telephone Number (Including area code) Where You Can Be Reached During the Day 15. Date

Office of Personnel Management

5 CFR 842 

Standard Form 3108

May 1988

CSRS and FERS Handbook August 1996
60 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23C1.1-2 Forms for Local Reproduction

This section contains copies of the following OPM forms for local

reproduction.

RI 20-97, Estimated Earnings During Military Service

OPM Form 1514, Military Deposit Worksheet

OPM Form 1515, Military Service Deposit Election
 CSRS Service Credit Payments for Post-1956 Military Service FERS 61

Chapter 23

CSRS and FERS Handbook April 1998

ESTIMATED EARNINGS DURING MILITARY SERVICE

INSTRUCTIONS: Use a separate RI 20-97 for each branch of service. Attach DD 214 or equivalent and any available

records of pay or promotions. If you do not have a DD 214 or equivalent, obtain an SF 180 from your personnel

office and have your service verified before forwarding this form to the pay center. The pay center cannot provide

estimated earnings unless verification of service is attached.

To

Employee name (Last, First, Middle)

Other names used

Social Security Number Date of birth

All military service numbers

Branch of Service

The uniformed services must provide estimated basic pay by Federal employees for military service after December 31, 1956, for the

purpose of making a deposit to the Civil Service Retirement and Disability Fund for retirement credit. Please provide the estimated

basic pay earned by the above named employee.

Signature of requester Relationship to employee

9 Employee is requester

9 Other (Specify

9 Survivor

Date

Active military service after

December 31, 1956

(Dates indicated below must be

based on DD 214 or equivalent

certification

TO BE COMPLETED BY AUTHORIZED OFFICIAL

Estimated Earnings (Base Pay)

(Do not provide estimated earnings for any period of service prior 

to January 1, 1957.)

From

(Mo,Dy,Yr)

To

(Mo,Dy,Yr)

From

(Mo,Dy,Yr)

To

(Mo,Dy,Yr)

Rate of Basic

Pay

Earnings Type of

Discharge

$

$

$

$

$

1. If period of service began before and ended after

December 31, 1956, enter date service actually

began. (Mo,Dy,Yr)

2. Lost time

9 None 9 Number of days _____________

9 Inclusive

dates <

From(Mo,Dy,Yr) To(Mo,Dy,Yr) From(Mo,Dy,Yr) To(Mo,Dy,Yr)

Signature of authorized official furnishing estimate Date(Mo,Dy,Yr) Telephone number (Including Area Code)

Typed name of authorized official Title of authorized official

Requester's name and address

Return

= Completed

Form to

RI 20-97
62 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Send the Request for Earnings During Military Service to the appropriate address shown below.

Army DFAS-Indianapolis Center

ATTN: DFAS-IN-FJFC-A

8899 East 56th Street

Indianapolis, IN 46249-0875

Phone (317) 543-7298

Navy DFAS-Cleveland Center-FMCS

1240 East 9th Street

Cleveland, OH 44199-2055

Phone (216) 522-5974

Air Force DFAS-DE-FJY

6760 East Irvington Place

Denver, CO 80279-3000

Phone (303) 676-7408

Marine Corps DFAS-Kansas City Center/FBL

1500 E. 95th Street

Kansas City, MO 64197-0001

Phone (816) 926-7652 Fax (816) 926-7648

Coast Guard Commanding Officer (SES)

Coast Guard Pay and Personnel Center

444 SE Quincy Street

Topeka, KS 66683-3591

Public Health Public Health Service

Service Division of Commissioned Personnel

Compensation Branch

Parklawn Building, Room 4-50

5600 Fisher's Lane

Rockville, MD 20857

National Oceanic National Oceanic and Atmospheric Administration

and Atmospheric Department of Commerce

Administration Commissioned Personnel Office

11400 Rockville Pike, Room 105

Rockville, MD 20852
 CSRS Service Credit Payments for Post-1956 Military Service FERS 63

Chapter 23

CSRS and FERS Handbook April 1998

Reverse of RI 20-97
Service Credit Payments for Post-1956 Military Service 64

Chapter 23

Office of Personnel Management

MILITARY DEPOSIT WORKSHEET

1. Name 2. Date of Birth 3. Social Security Number 4. Date of Computation

5. Period of Military Service 6. Total Service in Period 

(Years, Months, Days)*

7. Amount of

Earnings

8. Withholding

Percentage

9. Amount of Deposit Due

From (Month, Day, Year) To (Month, Day, Year)

$ X = $

10. Agency 11. Interest Accrual Date 12.

G CSRS G FERS

INTEREST COMPUTATION RECORD OF PAYMENTS

Date Amount Due Rate/Interest Total Due Date Payment Balance Due

*Not including any days lost OPM Form 1514

 Office of Personnel Management Reproduce Locally Rev. March 1991

CSRS and FERS Handbook August, 1996
 CSRS Service Credit Payments for Post-1956 Military Service FERS 65

Chapter 23

CSRS and FERS Handbook April 1998

Military Service Deposit Election

1. Employee's name 2. Date of birth 3. Social Security Number

4. Does employee appear eligible for annuity

based on minimum basic annuity?

9 Yes 9 No

5. If item 4 is "yes," would deposit for military

service increase annuity?

9 Yes 9 No

Our records indicate that you had military service after 1956 and are eligible for an annuity. If you are a

CSRS employee who was first employed before October 1, 1982, and you are entitled (or will be entitled at

age 62) to a Social Security benefit that includes credit for post-1956 military service, you must either

make a deposit to your agency for the military service or have your annuity benefits reduced at age 62 (or

at the time of your retirement if you are then age 62 or older) unless you are eligible for a minimum basic

annuity that is not affected by the inclusion of your military service. If you are a CSRS employee who was

first employed after September 30, 1982, you must make a deposit to your agency for your military service

in order to have it included in the computation of your annuity.

Instructions to Employee: Your decision about making this deposit may affect your rights under CSRS:

1. Please read the attached "Information for Completing OPM Form 1515" carefully to be sure you

understand the consequences of not making the deposit for military service.

2. If you decide to make the deposit for military service with the employing agency, ask for instructions

from the personnel office identified below.

3. Check the appropriate box below to indicate whether you will make or complete the deposit or not and

return two copies of this form to the personnel office at the address below.

Return completed election form to: (Agency Personnel Office address) Election must be received

by (date)

Employee Election

I read the information concerning my rights to make a deposit for post-1956 military service. (Mark an "x"

in the appropriate box below to indicate your election.)

9 I want to make (or complete) this deposit. I will make the necessary payment to my employing agency.

9 I do not want to make (or complete) this deposit. I understand this decision is irrevocable.

Signature Date

Instructions to 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 OPM. If the employee

does not return a signed copy before you forward the records to OPM, note above the signature line 

" 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.

Reproduce Locally OPM Form 1515

Page 1 of 3
66 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Information for Completing OPM Form 1515

Military Service Deposit Election

Civil Service Retirement system (CSRS)

Information for Employee: Military service performed before January 1957 is included in the computation

of your CSRS benefits. Military service performed after December 1956 mayor may not be included in

computing your retirement benefits depending on whether a deposit is required for your military service may

affect your rights under the Civil Service Retirement system (CSRS), you need to be aware of the following

information before your decide.

1. Effect of eligibility for Social Security benefits.

• If you were first employed under CSRS before October 1, 1982, your military service after

December 31, 1956, cannot be used in computing your civil service annuity after age 62 if you are

eligible for (or would be upon application) Social Security old-age benefits, unless a deposit has

been made for the military service. Individuals who have or expect to have enough quarters to

qualify for social Security old-age benefits have the option of either: (1) making the deposit and

thereby avoiding a reduction in annuity at age 62. (NOTE: If you are already 62 or older at the

time of retirement and eligible for (or would be upon application ) Social Security, your military

service will not be included in the computation of your annuity unless the deposit has been paid.) 

Your payments must cover a full period of military service. Partial deposits that do not cover a

deposit for a full period of military service are refunded. If you are not eligible for social Security at

age 62 or at the time of retirement, whichever comes later, you will continue to receive free credit

for your military service for retirement purposes. Many Federal employees earn enough quarters to

qualify for Social Security benefits by working a second job during their Federal employment or by

working after retirement from Federal service, so you need to be aware of the law on credit for

post-1956 military service.

If you are not sure whether you are (or will be) eligible for a Social Security old-age benefit which

includes credit for post-1956 military service, contact the Social Security Administration for

information.

• If you were first employed under CSRS after September 30, 1982, no credit is allowed for post1956 military service unless you make a deposit for the service.

2. Factors that may affect creditability of military service regardless of when you were first employed.

• Minimum Basic Annuity Provisions

If you retire under the disability provisions of CSRS and your annuity is based on the minimum basic

annuity provision of the law, it is possible that the exclusion of credit for post-1956 military service

will have no effect on the amount of your annuity. If you need more information about how you

may be affected, contact the designated agency official responsible for assisting you with your

retirement.

• Effect of Military Retired Pay

An individual who is receiving military retired pay must waive the retired pay before he or she may

receive credit for the military service for civil service retirement purposes, unless the retired pay was

(1) awarded because of a service-connected disability incurred either in combat with an enemy

Reproduce Locally OPM Form 1515

Page 2 of 3
 CSRS Service Credit Payments for Post-1956 Military Service FERS 67

Chapter 23

CSRS and FERS Handbook April 1998

Information for Completing OPM Form 1515 (Cont.)

of the United States or caused by an instrumentality of war and incurred in line of duty during a

period of war, or, (2) awarded under the reserve retiree provision (Chapter 67, title 10, United

States Code). The waiver must be effective before the commencing date of annuity.

NOTE: Under current military regulations, if you are enrolled in the Military Service Survivor Benefit

Plan (SBP) and elect to waive military retired pay, but you do NOT elect a survivor annuity under

CSRS, then you must remain enrolled in the military SBP. As a result, you are responsible for

making monthly payments to the military service for the SBP coverage.

3. Other information about deposit for military service.

• The amount of the deposit is 7 percent of military basic pay. Military basic pay does not include

allowances, flight pay, combat pay, etc.

• If you make the deposit, the post-1956 military service will be credited under both the civil service

and the social security systems, if it is otherwise creditable.

• The military deposit cannot be deemed paid at retirement if you are eligible and elect an alternative

form of annuity. the entire amount of the deposit must be paid to your employing agency before

you separate for retirement.

4. Reemployed annuitants.

• If you have less than five years of service as a reemployed annuitant, the payment of a deposit for

military service will not affect the amount of your benefit.

• If you have five or more years of service as a reemployed annuitant, you may elect a recomputation

of the annuity under the law in effect at the time of your separation, If you elect a recomputation,

you must make a deposit to cover the civilian service as a reemployed annuitant and the information

in this form will apply to the military service. Before you decide to make your deposit, ask the

agency official who is designated to provide retirement counseling for information about how a

recomputation will affect your annuity.

5. Agency contact for information.

If you need further information, contact ______________________________________________ about making a

deposit for post-1956 military service.

Reproduce Locally OPM Form 1515

Page 3 of 3
68 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23C1.1-3 Sample Employee Letter

Suggested Language for Agency Reminder to Employees About Considering a Deposit for Post-56 Military

Service

Dear Employee:

As you know, during this time of downsizing, many Federal employees are thinking ahead and planning for

retirement. For this reason, I would like to take this opportunity to provide some vital information to those

of you who have performed active military service after December 31, 1956, that is potentially creditable

for retirement purposes.

If you were first employed in a position subject to the Civil Service Retirement System (CSRS) before

October 1, 1982, and you continue to be covered under CSRS (or CSRS Offset) there are two options: (1)

make a deposit equal to 7 percent of your post-56 military service earnings, plus interest, and avoid a

reduction in your annuity at age 62, or (2) decide not to pay the deposit and have your CSRS annuity

reduced at age 62, if you are then eligible for Social Security benefits based on your own employment. 

There is no reduction in your CSRS annuity at age 62 if you have not earned an entitlement to Social

Security benefits based on your own employment.

If you were first employed under CSRS on or after October 1, 1982, and continue to be covered under

CSRS (or CSRS Offset), you can only receive civil service retirement credit for post-1956 military service if

you make a deposit to the employing agency in a sum equal to 7 percent of the military basic pay you

earned during the period of military service, plus interest. Without a deposit, the service is not available for

determining eligibility to retire, computing the annuity, or for any other retirement purpose.

If you were automatically covered under the Federal Employees Retirement System (FERS) on January 1,

1987, or at any time thereafter, your post-1956 military service can only be credited in a FERS annuity if

you make a deposit of 3 percent of the military basic pay you earned during the period of military service,

plus interest. If you elected FERS coverage and will have a portion of your FERS annuity computed under

the rules for CSRS, your military service will probably be subject to the CSRS deposit rules and credited

under CSRS rules. If you elected FERS coverage but will have no portion of your FERS annuity computed

under the rules for CSRS, your military service will be subject to the FERS deposit rules and credited under

FERS rules.

There are some good reasons to consider making a deposit. Making a deposit for post-1956 military

service allows you to receive permanent credit for military service under your Federal civilian retirement

system, and the military service remains creditable for Social Security purposes. Making a deposit early

helps to avoid the accrual of additional interest. The current rate of interest charged on post-1956 deposits

is 6.875 percent, and changes annually. In addition, making a deposit early affords you the option to make

partial payments of your deposit through payroll deductions. Even if you don't plan to retire or leave

Federal service soon, it is a very good idea to at least obtain the amount of your military earnings so that

the deposit can be computed more easily.

(continued on the next page)
 CSRS Service Credit Payments for Post-1956 Military Service FERS 69

Chapter 23

CSRS and FERS Handbook April 1998

Section 23C1.1-3 Sample Employee Letter

Suggested Language for Agency Reminder to Employees About Considering a Deposit for Post-56 Military

Service (continued)

To process the deposit, we can use your actual military pay vouchers for complete periods of military

service in computing the military deposit, or you can obtain a certified estimate of your military earnings

from the appropriate branch of service. The personnel generalists in this office can provide instructions for

obtaining the certified estimate. A copy of the form needed to request your military earnings is attached. I

want to stress that these deposits must be made to (name of agency) as your employing agency before

separation from employment.

Please note that this is a brief summary of the provisions for making deposits to receive credit for post1956 military service in a retirement. Under some circumstances, particularly active military service

performed after August 1, 1990, that interrupts creditable civilian service ( e.g. mobilizations for Desert

Shield/Desert Storm, etc.), special deposit provisions may apply due to a recent change in the law. Please

see a member of the Human Resources staff for additional information.

For more specific information pertaining to your individual service, or to obtain the necessary forms for

making a deposit, please contact .....

Enclosure

Suggested Resources:

Retirement Facts 2 (RI 83-2) CSRS Military Service Credit 

The FERS Pamphlet (RI 90-1) p. 5 
70 CSRS Service Credit Payments for Post-1956 Military Service FERS 

Chapter 23

April 1998 CSRS and FERS Handbook

Section 23C1.1-4 Composite Interest Rate Tables

NOTICE: All published composite interest rate charts are at the end of this chapter.

The composite interest rates are published annually in Payroll Office Letters. Listed below are the titles

and the numbers of the Payroll Office Letters in which they were issued. 

Composite Interest Rates for Military Service Credit Deposits 

for Interest Accrual Dates October 1, 1986 through January 1, 1988,

are in Payroll Office Letter No. 86-11.

Composite Interest Rates for Military Service Credit Deposits 

for Interest Accrual Dates October 1, 1987 through January 1, 1989,

are in Payroll Office Letter No. 87-16.

Composite Interest Rates for Military Service Credit Deposits 

for Interest Accrual Dates October 1, 1988 through January 1, 1990,

are in Payroll Office Letter No. 88-14.

Composite Interest Rates for Military Service Credit Deposits 

for Interest Accrual Dates October 1, 1989 through January 1, 1991,

are in Payroll Office Letter No. 89-13. 

Composite Interest Rates for Military Service Credit Deposits 

for Interest Accrual Dates October 1, 1990 through January 1, 1992, 

are in Payroll Office Letter No. 90-13.

Composite Interest Rates for Military Service Credit Deposits

for Interest Accrual Dates October 1, 1991 through January 1, 1993,

are in Payroll Office Letter No. 91-15.

Composite Interest Rates for Military Service Credit Deposits

for Interest Accrual Dates October 1, 1992 through January 1, 1994,

are in Payroll Office Letter No. 92-8.

Composite Interest Rates for Military Service Credit Deposits

for Interest Accrual Dates October 1, 1993 through January 1, 1995,

are in Payroll Office Letter No. 93-10.

Composite Interest Rates for Military Service Credit Deposits

for Interest Accrual Dates October 1, 1994 through January 1, 1996,

are in Payroll Office Letter No. 94-08.
 CSRS Service Credit Payments for Post-1956 Military Service FERS 71

Chapter 23

CSRS and FERS Handbook April 1998

Composite Interest Rates for Military Service Credit Deposits

for Interest Accrual Dates October 1, 1995 through January 1, 1997,

are in Payroll Office Letter No. 95-12.

MILITARY DEPOSIT - CSRS

COMPOSITE INTEREST RATES

EMPLOYEES FIRST EMPLOYED BEFORE 10-1-83

10-1-1996 >>>>>>>>>> 6.906%

10-1-1995 >>>>>>>>>> 6.813%

10-1-1994 >>>>>>>>>> 6.469%

10-1-1993 >>>>>>>>>>> 7.375%

10-1-1992 >>>>>>>>>> 8.250%

10-1-1991 >>>>>>>>>> 8.656%

10-1-1990 >>>>>>>>>> 8.844%

10-1-1989 >>>>>>>>>> 8.938%

10-1-1988 >>>>>>>>>> 8.531%

10-1-1987 >>>>>>>>>> 9.531%

The following pages have the Composite Interest Rate Tables for October 1, 1986 through January

1, 1998. 
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1986 THRU JANUARY 1, 1988

DAY

OF

MO.

OCTOBER

1986

NOVEMBER

1986

DECEMBER

1986

JANUARY

1987

FEBRUARY

1987

MARCH

1987

APRIL

1987

MAY

1987

JUNE

1987

JULY

1987

AUGUST

1987

SEPTEMBER

1987

OCTOBE

R

1987

NOVEMBER

1987

DECEMBE

R

1987

JANUAR

Y

1988 *

DA

Y

OF

MO

.

1

2

3

4

5

0.11594

0.11594

0.11589

0.11583 

0.11578

O.11438

0.11432

0.11427

0.11422

0.11417

0.11281

0.11281

0.11276

0.11271 

0.11266

0.11125

0.11125

0.11119

0.11113

0.11107

0.10948

0.10930

0.10924

0.10918 

0.10913

0.10771

0.10771

0.10765

0.10759 

0.10753 

0.10594

0.10588

0.10582

0.10576 

0.10570

0.10417

0.10417

0.10411

0.10405

0.10399

0.10240

0.10234

0.10228

0.10222

0.10216

0.10063

0.10063

0.10057

0.10051

0.10045 

0.09885

0.09885

0.09880

0.09874

0.09868 

0.09708

0.09702

0.09697

0.09691

0.09685

0.09531

0.09531

0.09525

0.09519

0.09514

0.09354

0.09348

0.09342

0.09336 

0.09331

0.09177

0.09177

0.09171 

0.09159 

0.09159

0.09000

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.11573

0.11568

0.11563

0.11557

0.11552

0.11411

0.11406

0.11401

0.11396

0.11391

0.11260

0.11255

0.11250

0.11245

0.11240

0.11101

0.11095

0.11090

0.11084

0.11078

0.10907

0.10901

0.10895

0.10889

0.10883

0.10747

0.10741

0.10735

0.10730

0.10724

0.10564

0.10558

0.10552

0.10547

0.10541

0.10393

0.10387

0.10381

0.10375

0.10369

0.10210

0.10204

0.10198

0.10192

0.10186

0.10039

0.10033

0.10027

0.10021

0.10015

0.09862

0.09856

0.09850

0.09844

0.09838

0.09679

0.09673

0.09667

0.09661

0.09655

0.09508

0.09502

0.09496

0.09490

0.09484

0.09325

0.09319

0.09313

0.09307

0.09301

0.09153

0.09148

0.09142

0.09136

0.09130

 6

 7

 8

 9

10

11

12

13

14

15

0.11547

0.11542

0.11536

0.11531

0.11526

0.11385

0.11380

0.11375

0.11370

0.11365

0.11234

0.11229

0.11224

0.11219

0.11214

0.11072

0.11066

0.11060

0.11054

0.11048

0.10877

0.10871

0.10865

0.10859

0.10853

0.10718

0.10712

0.10706

0.10700

0.10694

0.10535

0.10529

0.10523

0.10517

0.10511

0.10364

0.10358

0.10352

0.10346

0.10340

0.10181

0.10175

0.10169

0.10163

0.10157

0.10009

0.10003

0.09998

0.09992

0.09986

0.09832

0.09826

0.09820

0.09815

0.09809

0.09649

0.09643

0.09638

0.09632

0.09626

0.09478

0.09472

0.09466

0.09460

0.09455

0.09295

0.09289

0.09283

0.09277

0.09272

0.09124

0.09118

0.09112

0.09106

0.09100

11

12

13

14

15

16

17

18

19

20

0.11521

0.11516

0.11510

0.11505

0.11500

0.11359

0.11354

0.11349

0.11344

0.11339

0.11208

0.11203

0.11198

0.11193

0.11188

0.11042

0.11036

0.11031

0.11025

0.11019

0.10848

0.10842

0.10836

0.10830

0.10824

0.10688

0.10682

0.10676

0.10670

0.10665

0.10505

0.10499

0.10493

0.10488

0.10482

0.10334

0.10328

0.10322

0.10316

0.10310

0.10151

0.10145

0.10139

0.10133

0.10127

0.09980

0.09974

0.09968

0.09962

0.09956

0.09803

0.09797

0.09791

0.09785

0.09779

0.09620

0.09614

0.09608

0.09602

0.09596

0.09449

0.09443

0.09437

0.09431

0.09425

0.09266

0.09260

0.09254

0.09248

0.09242

0.09094

0.09089

0.09083

0.09077

0.09071

17

18

19

20

21

22

23

24

25

0.11495

0.11490

0.11484

0.11479

0.11474

0.11333

0.11328

0.11323

0.11318

0.11313

0.11182

0.11177

0.11172

0.11167

0.11161

0.11013

0.11007

0.11001

0.10995

0.10989

0.10818

0.10812

0.10806

0.10800

0.10794

0.10659

0.10653

0.10647

0.10641

0.10635

0.10476

0.10470

0.10464

0.10458

0.10452

0.10305

0.10299

0.10293

0.10287

0.10281

0.10122

0.10116

0.10110

0.10104

0.10098

0.09950

0.09944

0.09939

0.09933

0.09927

0.09773

0.09767

0.09761

0.09756

0.09750

0.09590

0.09584

0.09578

0.09573

0.09567

0.09419

0.09413

0.09407

0.09401

0.09395

0.09236

0.09230

0.09224

0.09218

0.09213

0.09065

0.09059

0.09053

0.09047

0.09041

21

22

23

24

25

26

27

28

29

30

31

0.11469

0.11464

0.11458

0.11453

0.11448

0.11443

0.11307

0.11302

0.11297

0.11292

0.11286

0.11156

0.11151

0.11146

0.11141

0.11135

0.11130

0.10983

0.10977

0.10972

0.10966

0.10960

0.10954

0.10789

0.10783

0.10777

0.10629

0.10623

0.10617

0.10611

0.10606

0.10600

0.10446

0.10440

0.10434

0.10428

0.10423

0.10275

0.10269

0.10263

0.10257

0.10251

0.10245

0.10092

0.10086

0.10080

0.10074

0.10068

0.09921

0.09915

0.09909

0.09903

0.09897

0.09891

0.09744

0.09738

0.09732

0.09726

0.09720

0.09714

0.09561

0.09555

0.09549

0.09543

0.09537

0.09390

0.09384

0.09378

0.09372

0.09366

0.09360

0.09207

0.09201

0.09195

0.09189

0.09183

0.09035

0.09030

0.09024

0.09018

0.09012

0.09006

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1986

NOVEMBER

1986

DECEMBER

1986

JANUARY

1987

FEBRUARY

1987

MARCH

1987

APRIL

1987

MAY

1987

JUNE

1987

JULY

1987

AUGUST

1987

SEPTEMBER

1987

OCTOBE

R

1987

NOVEMBER

1987

DECEMBE

R

1987

JANUAR

Y

1988 *

DA

Y

OF

MO

.

*An entry is necessary for the IAD 1/1/88 to provide the composite rate for interest computations covering the period running from 1/1/87 through 12/31/87 (i.e. when last

day of grace period was 12/31/86).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1987 THRU JANUARY 1, 1989

DAY

OF

MO.

OCTOBER

1987

NOVEMBER

1987

DECEMBER

1987

JANUARY

1988

FEBRUARY

1988

MARCH

1988

APRIL

1988

MAY

1988

JUNE

1988

JULY

1988

AUGUST

1988

SEPTEMBER

1988

OCTOBER

1988

NOVEMBER

1988

DECEMBER

1988

JANUARY

1989 *

DAY

OF

MO.

1

2

3

4

5

0.09531

0.09531

0.09525

0.09519

0.09514

O.09354

0.09348

0.09342

0.09336

0.09331

0.09177

0.09177

0.09171

0.09165 

0.09159

0.09000

0.09000

0.08998

0.08997

0.08995

0.08948

0.08943

0.08941

0.08939

0.08938

0.08896

0.08896

0.08894

0.08892 

 0.08891

0.08844

0.08842

0.08840

0.08839 

0.08837

0.08792

0.08792

0.08790

0.08788

0.08786

0.08740

0.08738

0.08736

0.08734

0.08733

0.08688

0.08688

0.08686

0.08684

0.08682 

0.08635

0.08635

0.08634

0.08632

0.08630 

0.08583

0.08582

0.08580

0.08578

0.08576

0.08531

0.08531

0.08530

0.08528

0.08526

0.08479

0.08477

0.08476

0.08474 

0.08472

0.08427

0.08427

0.08425

0.08424 

0.08422 

0.08375

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.09508

0.09502

0.09496

0.09490

0.09484

0.09325

0.09319

0.09313

0.09307

0.09301

0.09153

0.09148

0.09142

0.09136

0.09130

0.08993

0.08991

0.08990

0.08988

0.08986

0.08936

0.08934

0.08932

0.08931

0.08929

0.08889

0.08887

0.08885

0.08884

0.08882

0.08835

0.08833

0.08832

0.08830

0.08828

0.08785

0.08783

0.08781

0.08780

0.08778

0.08731

0.08729

0.08727

0.08726

0.08724

0.08681

0.08679

0.08677

0.08675

0.08674

0.08628

0.08627

0.08625

0.08623

0.08622

0.08575

0.08573

0.08571

0.08569

0.08568

0.08524

0.08523

0.08521

0.08519

0.08517

0.08470

0.08469

0.08467

0.08465

0.08464

0.08420

0.08418

0.08417

0.08415

0.08413

 6

 7

 8

 9

10

11

12

13

14

15

0.09478

0.09472

0.09466

0.09460

0.09455

0.09295

0.09289

0.09283

0.09277

0.09272

0.09124

0.09118

0.09112

0.09106

0.09100

0.08984

0.08983

0.08981

0.08979

0.08977

0.08927

0.08925

0.08924

0.08922

0.08920

0.08880

0.08878

0.08877

0.08875

0.08873

0.08826

0.08825

0.08823

0.08821

0.08819

0.08776

0.08774

0.08773

0.08771

0.08769

0.08722

0.08720

0.08719

0.08717

0.08715

0.08672

0.08670

0.08668

0.08667

0.08665

0.08620

0.08618

0.08616

0.08615

0.08613

0.08566

0.08564

0.08563

0.08561

0.08559

0.08516

0.08514

0.08512

0.08510

0.08509

0.08462

0.08460

0.08458

0.08457

0.08455

0.08411

0.08410

0.08408

0.08406

0.08405

11

12

13

14

15

16

17

18

19

20

0.09449

0.09443

0.09437

0.09431

0.09425

0.09266

0.09260

0.09254

0.09248

0.09242

0.09094

0.09089

0.09083

0.09077

0.09071

0.08976

0.08974

0.08972

0.08970

0.08969

0.08918

0.08917

0.08915

0.08913

0.08911

0.08872

0.08870

0.08868

0.08866

0.08865

0.08818

0.08816

0.08814

0.08813

0.08811

0.08767

0.08766

0.08764

0.08762

0.08760

0.08714

0.08712

0.08710

0.08708

0.08707

0.08663

0.08661

0.08660

0.08658

0.08656

0.08611

0.08609

0.08608

0.08606

0.08604

0.08557

0.08556

0.08554

0.08552

0.08550

0.08507

0.08505

0.08503

0.08502

0.08500

0.08453

0.08451

0.08450

0.08448

0.08446

0.08403

0.08401

0.08399

0.08398

0.08396

17

18

19

20

21

22

23

24

25

0.09419

0.09413

0.09407

0.09401

0.09395

0.09236

0.09230

0.09224

0.09218

0.09213

0.09065

0.09059

0.09053

0.09047

0.09041

0.08967

0.08965

0.08964

0.08962

0.08960

0.08910

0.08908

0.08906

0.08905

0.08903

0.08863

0.08861

0.08859

0.08858

0.08856

0.08809

0.08807

0.08806

0.08804

0.08802

0.08759

0.08757

0.08755

0.08753

0.08752

0.08705

0.08703

0.08701

0.08700

0.08698

0.08655

0.08653

0.08651

0.08649

0.08648

0.08602

0.08601

0.08599

0.08597

0.08595

0.08549

0.08547

0.08545

0.08543

0.08542

0.08498

0.08497

0.08495

0.08493

0.08491

0.08444

0.08443

0.08441

0.08439

0.08438

0.08394

0.08392

0.08391

0.08389

0.08387

21

22

23

24

25

26

27

28

29

30

31

0.09390

0.09384

0.09378

0.09372

0.09366

0.09360

0.09207

0.09201

0.09195

0.09189

0.09183

0.09035

0.09030

0.09024

0.09018

0.09012

0.09006

0.08958

0.08957

0.08955

0.08953

0.08951

0.08950

0.08901

0.08899

0.08898

0.08896

0.08854

0.08852

0.08851

0.08849

0.08847

0.08845

0.08800

0.08799

0.08797

0.08795

0.08793

0.08750

0.08748

0.08747

0.08745

0.08743

0.08741

0.08696

0.08694

0.08693

0.08691

0.08689

0.08646

0.08644

0.08642

0.08641

0.08639

0.08637

0.08594

0.08592

0.08590

0.08589

0.08587

0.08585

0.08540

0.08538

0.08536

0.08535

0.08533

0.08490

0.08488

0.08486

0.08484

0.08483

0.08481

0.08436

0.08434

0.08432

0.08431

0.08429

0.08385

0.08384

0.08382

0.08380

0.08378

0.08377

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1987

NOVEMBER

1987

DECEMBER

1987

JANUARY

1988

FEBRUARY

1988

MARCH

1988

APRIL

1988

MAY

1988

JUNE

1988

JULY

1988

AUGUST

1988

SEPTEMBER

1988

OCTOBER

1988

NOVEMBER

1988

DECEMBER

1988

JANUARY

1989 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/89 to provide the composite rate for interest computations covering the period running from 1/1/88 through 12/31/88 (i.e. when last day of grace period was

12/31/87).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1988 THRU JANUARY 1, 1990

DAY

OF

MO.

OCTOBER

1988

NOVEMBER

1988

DECEMBER

1988

JANUARY

1989

FEBRUARY

1989

MARCH

1989

APRIL

1989

MAY

1989

JUNE

1989

JULY

1989

AUGUST

1989

SEPTEMBER

1989

OCTOBER

1989

NOVEMBER

1989

DECEMBER

1989

JANUARY

1990 *

DAY

OF

MO.

1

2

3

4

5

0.08531

0.08531

0.08530

0.08528 

0.08526

O.08479

0.08477

0.08476

0.08474

0.08472

0.08427

0.08427

0.08425

0.08424 

0.08422

0.08375

0.08375

0.08377

0.08379

0.08381

0.08438

0.08440

0.08442

0.08444

0.08446

0.08500

0.08500

0.08502

0.08504 

0.08506

0.08563

0.08565

0.08567

0.08569 

0.08571 

0.08625

0.08625

0.08627

0.08629

0.08631

0.08688

0.08690

0.08692

0.08694

0.08696

0.08750

0.08750

0.08752

0.08754

0.08756 

0.08813

0.08813

0.08815

0.08817

0.08819 

0.08875

0.08877

0.08879

0.08881

0.08883

0.08938

0.08938

0.08940

0.08942

0.08944

0.09000

0.09002

0.09004

0.09006 

0.09008 

 

0.09063

0.09063

0.09065 

0.09067 

0.09069 

 

0.09125

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.08524

0.08523

0.08521

0.08519

0.08517

0.08470

0.08469

0.08467

0.08465

0.08464

0.08420

0.08418

0.08417

0.08415

0.08413

0.08383

0.08385

0.08388

0.08390

0.08392

0.08448

0.08450

0.08452

0.08454

0.08456

0.08508

0.08510

0.08513

0.08515

0.08517

0.08573

0.08575

0.08577

0.08579

0.08581

0.08633

0.08635

0.08638

0.08640

0.08642

0.08698

0.08700

0.08702

0.08704

0.08706

0.08758

0.08760

0.08763

0.08765

0.08767

0.08821

0.08823

0.08825

0.08827

0.08829

0.08885

0.08888

0.08890

0.08892

0.08894

0.08946

0.08948

0.08950

0.08952

0.08954

0.09010

0.09013

0.09015

0.09017

0.09019

0.09071

0.09073

0.09075

0.09077

0.09079

 6

 7

 8

 9

10

11

12

13

14

15

0.08516

0.08514

0.08512

0.08510

0.08509

0.08462

0.08460

0.08458

0.08457

0.08455

0.08411

0.08410

0.08408

0.08406

0.08405

0.08394

0.08396

0.08398

0.08400

0.08402

0.08458

0.08460

0.08463

0.08465

0.08467

0.08519

0.08521

0.08523

0.08525

0.08527

0.08583

0.08585

0.08588

0.08590

0.08592

0.08644

0.08646

0.08648

0.08650

0.08652

0.08708

0.08710

0.08713

0.08715

0.08717

0.08769

0.08771

0.08773

0.08775

0.08777

0.08831

0.08833

0.08835

0.08838

0.08840

0.08896

0.08898

0.08900

0.08902

0.08904

0.08956

0.08958

0.08960

0.08963

0.08965

0.09021

0.09023

0.09025

0.09027

0.09029

0.09081

0.09083

0.09085

0.09088

0.09090

11

12

13

14

15

16

17

18

19

20

0.08507

0.08505

0.08503

0.08502

0.08500

0.08453

0.08451

0.08450

0.08448

0.08446

0.08403

0.08401

0.08399

0.08398

0.08396

0.08404

0.08406

0.08408

0.08410

0.08413

0.08469

0.08471

0.08473

0.08475

0.08477

0.08529

0.08531

0.08533

0.08535

0.08538

0.08594

0.08596

0.08598

0.08600

0.08602

0.08654

0.08656

0.08658

0.08660

0.08663

0.08719

0.08721

0.08723

0.08725

0.08727

0.08779

0.08781

0.08783

0.08785

0.08788

0.08842

0.08844

0.08846

0.08848

0.08850

0.08906

0.08908

0.08910

0.08913

0.08915

0.08967

0.08969

0.08971

0.08973

0.08975

0.09031

0.09033

0.09035

0.09038

0.09040

0.09092

0.09094

0.09096

0.09098

0.09100

17

18

19

20

21

22

23

24

25

0.08498

0.08497

0.08495

0.08493

0.08491

0.08444

0.08443

0.08441

0.08439

0.08438

0.08394

0.08392

0.08391

0.08389

0.08387

0.08415

0.08417

0.08419

0.08421

0.08423

0.08479

0.08481

0.08483

0.08485

0.08488

0.08540

0.08542

0.08544

0.08546

0.08548

0.08604

0.08606

0.08608

0.08610

0.08613

0.08665

0.08667

0.08669

0.08671

0.08673

0.08729

0.08731

0.08733

0.08735

0.08638

0.08790

0.08792

0.08794

0.08796

0.08798

0.08852

0.08854

0.08856

0.08858

0.08860

0.08917

0.08919

0.08921

0.08923

0.08925

0.08977

0.08979

0.08981

0.08983

0.08985

0.09042

0.09044

0.09046

0.09048

0.09050

0.09102

0.09104

0.09106

0.09108

0.09110

21

22

23

24

25

26

27

28

29

30

31

0.08490

0.08488

0.08486

0.08484

0.08483

0.08481

0.08436

0.08434

0.08432

0.08431

0.08429

0.08385

0.08384

0.08382

0.08380

0.08378

0.08377

0.08425

0.08427

0.08429

0.08431

0.08433

0.08435

0.08490

0.08492

0.08494

0.08550

0.08552

0.08554

0.08556

0.08558

0.08560

0.08615

0.08617

0.08619

0.08621

0.08623

0.08750

0.08748

0.08747

0.08745

0.08743

0.08741

0.08740

0.08742

0.08744

0.08746

0.08748

0.08800

0.08802

0.08804

0.08806

0.08808

0.08810

0.08863

0.08865

0.08867

0.08869

0.08871

0.08873

0.08927

0.08929

0.08931

0.08933

0.08935

0.08988

0.08990

0.08992

0.08994

0.08996

0.08998

0.09052

0.09054

0.09056

0.09058

0.09060

0.09113

0.09115

0.09117

0.09119

0.09121

0.09123

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1988

NOVEMBER

1988

DECEMBER

1988

JANUARY

1989

FEBRUARY

1989

MARCH

1989

APRIL

1989

MAY

1989

JUNE

1989

JULY

1989

AUGUST

1989

SEPTEMBER

1989

OCTOBER

1989

NOVEMBER

1989

DECEMBER

1989

JANUARY

1990 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/90 to provide the composite rate for interest computations covering the period running from 1/1/89 through 12/31/89 (i.e. when last day of grace period was

12/31/88).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1989 THRU JANUARY 1, 1991

DAY

OF

MO.

OCTOBER

1989

NOVEMBER

1989

DECEMBER

1989

JANUARY

1990

FEBRUARY

1990

MARCH

1990

APRIL

1990

MAY

1990

JUNE

1990

JULY

1990

AUGUST

1990

SEPTEMBER

1990

OCTOBER

1990

NOVEMBER

1990

DECEMBER

1990

JANUARY

1991 *

DAY

OF

MO.

1

2

3

4

5

0.08938

0.08938

0.08940

0.08942 

0.08944

O.09000

0.09002

0.09004

0.09006

0.09008

0.09063

0.09063

0.09065

0.09067 

0.09069

0.09125

0.09125

0.09124

0.09123

0.09122

0.09094

0.09093

0.09092

0.09091

0.09090

0.09063

0.09063

0.09061

0.09060 

0.09059

0.09031

0.09030

0.09029

0.09028 

0.09027 

0.09000

0.09000

0.08999

0.08998

0.08997

0.08969

0.08968

0.08967

0.08966

0.08965

0.08938

0.08938

0.08936

0.08935

0.08934 

0.08906

0.08906

0.08905

0.08904

0.08903 

0.08875

0.08874

0.08873

0.08872

0.08871

0.08844

0.08844

0.08843

0.08842

0.08841

0.08813

0.08811

0.08810

0.08809 

0.08808 

 

0.08781

0.08781

0.08780 

0.08779 

0.08778 

 

0.08750

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.08946

0.08948

0.08950

0.08952

0.08954

0.09010

0.09013

0.09015

0.09017

0.09019

0.09071

0.09073

0.09075

0.09077

0.09079

0.09121

0.09120

0.09119

0.09118

0.09117

0.09089

0.09088

0.09086

0.09085

0.09084

0.09058

0.09057

0.09056

0.09055

0.09054

0.09026

0.09025

0.09024

0.09023

0.09022

0.08996

0.08995

0.08994

0.08993

0.08992

0.08964

0.08963

0.08961

0.08960

0.08959

0.08933

0.08932

0.08931

0.08930

0.08929

0.08902

0.08901

0.08900

0.08899

0.08898

0.08870

0.08869

0.08868

0.08867

0.08866

0.08840

0.08839

0.08838

0.08836

0.08835

0.08807

0.08806

0.08805

0.08804

0.08803

0.08777

0.08776

0.08775

0.08774

0.08773

 6

 7

 8

 9

10

11

12

13

14

15

0.08956

0.08958

0.08960

0.08963

0.08965

0.09021

0.09023

0.09025

0.09027

0.09029

0.09081

0.09083

0.09085

0.09088

0.09090

0.09116

0.09115

0.09114

0.09113

0.09111

0.09083

0.09082

0.09081

0.09080

0.09079

0.09053

0.09052

0.09051

0.09050

0.09049

0.09021

0.09020

0.09019

0.09018

0.09017

0.08991

0.08990

0.08989

0.08988

0.08986

0.08958

0.08957

0.08956

0.08955

0.08954

0.08928

0.08927

0.08926

0.08925

0.08924

0.08897

0.08896

0.08895

0.08894

0.08893

0.08865

0.08864

0.08863

0.08861

0.08860

0.08834

0.08833

0.08832

0.08831

0.08830

0.08802

0.08801

0.08800

0.08799

0.08798

0.08772

0.08771

0.08770

0.08769

0.08768

11

12

13

14

15

16

17

18

19

20

0.08967

0.08969

0.08971

0.08973

0.08975

0.09031

0.09033

0.09035

0.09038

0.09040

0.09092

0.09094

0.09096

0.09098

0.09100

0.09110

0.09109

0.09108

0.09107

0.09106

0.09078

0.09077

0.09076

0.09075

0.09074

0.09048

0.09047

0.09046

0.09045

0.09044

0.09016

0.09015

0.09014

0.09013

0.09011

0.08985

0.08984

0.08983

0.08982

0.08981

0.08953

0.08952

0.08951

0.08950

0.08949

0.08923

0.08922

0.08921

0.08920

0.08919

0.08892

0.08891

0.08890

0.08889

0.08888

0.08859

0.08858

0.08857

0.08856

0.08855

0.08829

0.08828

0.08827

0.08826

0.08825

0.08797

0.08796

0.08795

0.08794

0.08793

0.08767

0.08766

0.08765

0.08764

0.08763

17

18

19

20

21

22

23

24

25

0.08977

0.08979

0.08981

0.08983

0.08985

0.09042

0.09044

0.09046

0.09048

0.09050

0.09102

0.09104

0.09106

0.09108

0.09110

0.09105

0.09104

0.09103

0.09102

0.09101

0.09073

0.09072

0.09071

0.09070

0.09069

0.09043

0.09042

0.09041

0.09040

0.09039

0.09010

0.09009

0.09008

0.09007

0.09006

0.08980

0.08979

0.08978

0.08977

0.08976

0.08948

0.08947

0.08946

0.08945

0.08944

0.08918

0.08917

0.08916

0.08915

0.08914

0.08886

0.08885

0.08884

0.08883

0.08882

0.08854

0.08853

0.08852

0.08851

0.08850

0.08824

0.08823

0.08822

0.08821

0.08820

0.08792

0.08791

0.08790

0.08789

0.08788

0.08761

0.08760

0.08759

0.08758

0.08757

21

22

23

24

25

26

27

28

29

30

31

0.08988

0.08990

0.08992

0.08994

0.08996

0.08998

0.09052

0.09054

0.09056

0.09058

0.09060

0.09113

0.09115

0.09117

0.09119

0.09121

0.09123

0.09100

0.09099

0.09098

0.09097

0.09096

0.09095

0.09068

0.09067

0.09066

 

0.09038

0.09036

0.09035

0.09034

0.09033

0.09032

0.09005

0.09004

0.09003

0.09002

0.09001

0.08975

0.08974

0.08973

0.08972

0.08971

0.08970

0.08943

0.08942

0.08941

0.08940

0.08939

0.08913

0.08911

0.08910

0.08909

0.08908

0.08907

0.08881

0.08880

0.08879

0.08878

0.08877

0.08876

0.08849

0.08848

0.08847

0.08846

0.08845

0.08819

0.08818

0.08817

0.08816

0.08815

0.08814

0.08786

0.08785

0.08754

0.08783

0.08782

0.08756

0.08755

0.08754

0.08753

0.08752

0.08751

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1989

NOVEMBER

1989

DECEMBER

1989

JANUARY

1990

FEBRUARY

1990

MARCH

1990

APRIL

1990

MAY

1990

JUNE

1990

JULY

1990

AUGUST

1990

SEPTEMBER

1990

OCTOBER

1990

NOVEMBER

1990

DECEMBER

1990

JANUARY

1991 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/91 to provide the composite rate for interest computations covering the period running from 1/1/90 through 12/31/90 (i.e. when last day of grace period was

12/31/89).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1990 THRU JANUARY 1, 1992

DAY

OF

MO.

OCTOBER

1990

NOVEMBER

1990

DECEMBER

1990

JANUARY

1991

FEBRUARY

1991

MARCH

1991

APRIL

1991

MAY

1991

JUNE

1991

JULY

1991

AUGUST

1991

SEPTEMBER

1991

OCTOBER

1991

NOVEMBER

1991

DECEMBER

1991

JANUARY

1992 *

DAY

OF

MO.

1

2

3

4

5

0.08844

0.08844

0.08843

0.08842 

0.08841

O.08813

0.08811

0.08810

0.08809

0.08808

0.08781

0.08781

0.08780

0.08779 

0.08778

0.08750

0.08750

0.08750

0.08749

0.08749

0.08740

0.08739

0.08739

0.08739

0.08738

0.08729

0.08729

0.08729

0.08728 

0.08728

0.08719

0.08718

0.08718

0.08718 

0.08717 

0.08708

0.08708

0.08708

0.08708

0.08707

0.08698

0.08698

0.08697

0.08697

0.08697

0.08688

0.08688

0.08687

0.08687

0.08686 

0.08677

0.08677

0.08677

0.08676

0.08676 

0.08667

0.08666

0.08666

0.08666

0.08665

0.08656

0.08656

0.08656

0.08656

0.08655

0.08646

0.08645

0.08645

0.08645 

0.08644 

 

0.08635

0.08635

0.08635 

0.08635 

0.08634 

 

0.08625

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.08840

0.08839

0.08838

0.08836

0.08835

0.08807

0.08806

0.08805

0.08804

0.08803

0.08777

0.08776

0.08775

0.08774

0.08773

0.08749

0.08748

0.08748

0.08748

0.08747

0.08738

0.08738

0.08737

0.08737

0.08736

0.08728

0.08727

0.08727

0.08727

0.08726

0.08717

0.08717

0.08716

0.08716

0.08716

0.08707

0.08707

0.08706

0.08706

0.08706

0.08696

0.08696

0.08695

0.08695

0.08695

0.08686

0.08686

0.08685

0.08685

0.08685

0.08676

0.08675

0.08675

0.08675

0.08674

0.08665

0.08665

0.08664

0.08664

0.08664

0.08655

0.08655

0.08654

0.08654

0.08653

0.08644

0.08644

0.08643

0.08643

0.08643

0.08634

0.08634

0.08633

0.08633

0.08633

 6

 7

 8

 9

10

11

12

13

14

15

0.08834

0.08833

0.08832

0.08831

0.08830

0.08802

0.08801

0.08800

0.08799

0.08798

0.08772

0.08771

0.08770

0.08769

0.08768

0.08747

0.08747

0.08746

0.08746

0.08745

0.08736

0.08736

0.08735

0.08735

0.08735

0.08726

0.08726

0.08725

0.08725

0.08725

0.08715

0.08715

0.08715

0.08714

0.08714

0.08705

0.08705

0.08705

0.08704

0.08704

0.08694

0.08694

0.08694

0.08693

0.08693

0.08684

0.08684

0.08684

0.08683

0.08683

0.08674

0.08674

0.08673

0.08673

0.08673

0.08663

0.08663

0.08663

0.08662

0.08662

0.08653

0.08653

0.08652

0.08652

0.08652

0.08642

0.08642

0.08642

0.08641

0.08641

0.08632

0.08632

0.08632

0.08631

0.08631

11

12

13

14

15

16

17

18

19

20

0.08829

0.08828

0.08827

0.08826

0.08825

0.08797

0.08795

0.08795

0.08794

0.08793

0.08767

0.08766

0.08765

0.08764

0.08763

0.08745

0.08745

0.08744

0.08744

0.08744

0.08734

0.08734

0.08734

0.08733

0.08733

0.08724

0.08724

0.08724

0.08723

0.08723

0.08714

0.08713

0.08713

0.08713

0.08712

0.08703

0.08703

0.08703

0.08702

0.08702

0.08693

0.08692

0.08692

0.08692

0.08691

0.08683

0.08682

0.08682

0.08682

0.08681

0.08672

0.08672

0.08672

0.08671

0.08671

0.08661

0.08661

0.08661

0.08660

0.08660

0.08651

0.08651

0.08651

0.08650

0.08650

0.08641

0.08640

0.08640

0.08640

0.08639

0.08631

0.08630

0.08630

0.08630

0.08629

17

18

19

20

21

22

23

24

25

0.08824

0.08823

0.08822

0.08821

0.08820

0.08792

0.08791

0.08790

0.08789

0.08788

0.08761

0.08760

0.08759

0.08758

0.08757

0.08743

0.08743

0.08743

0.08742

0.08742

0.08733

0.08732

0.08732

0.08732

0.08731

0.08723

0.08722

0.08722

0.08722

0.08721

0.08712

0.08711

0.08711

0.08711

0.08710

0.08702

0.08701

0.08701

0.08701

0.08700

0.08691

0.08691

0.08690

0.08690

0.08690

0.08681

0.08681

0.08680

0.08680

0.08680

0.08670

0.08670

0.08670

0.08669

0.08669

0.08660

0.08659

0.08659

0.08659

0.08658

0.08650

0.08649

0.08649

0.08649

0.08648

0.08639

0.08639

0.08638

0.08638

0.08638

0.08629

0.08628

0.08628

0.08628

0.08627

21

22

23

24

25

26

27

28

29

30

31

0.08819

0.08818

0.08817

0.08816

0.08815

0.08814

0.08786

0.08785

0.08784

0.08783

0.08782

0.08756

0.08755

0.08754

0.08753

0.08752

0.08751

0.08742

0.08741

0.08741

0.08741

0.08740

0.08740

0.08731

0.08731

0.08730

 

0.08721

0.08720

0.08720

0.08720

0.08719

0.08719

0.08710

0.08710

0.08709

0.08709

0.08709

0.08700

0.08700

0.08699

0.08699

0.08699

0.08698

0.08689

0.08689

0.08689

0.08688

0.08688

0.08679

0.08679

0.08678

0.08678

0.08678

0.08677

0.08669

0.08668

0.08668

0.08668

0.08667

0.08667

0.08658

0.08658

0.08657

0.08657

0.08657

0.08648

0.08648

0.08647

0.08647

0.08647

0.08646

0.08637

0.08637

0.08636

0.08636

0.08636

0.08627

0.08627

0.08626

0.08626

0.08626

0.08625

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1990

NOVEMBER

1990

DECEMBER

1990

JANUARY

1991

FEBRUARY

1991

MARCH

1991

APRIL

1991

MAY

1991

JUNE

1991

JULY

1991

AUGUST

1991

SEPTEMBER

1991

OCTOBER

1991

NOVEMBER

1991

DECEMBER

1991

JANUARY

1992 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/92 to provide the composite rate for interest computations covering the period running from 1/1/91 through 12/31/91 (i.e. when last day of grace period was 12/31/90).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1991 THRU JANUARY 1, 1993

DAY

OF

MO.

OCTOBER

1991

NOVEMBER

1991

DECEMBER

1991

JANUARY

1992

FEBRUARY

1992

MARCH

1992

APRIL

1992

MAY

1992

JUNE

1992

JULY

1992

AUGUST

1992

SEPTEMBER

1992

OCTOBER

1992

NOVEMBER

1992

DECEMBER

1992

JANUARY

1993 *

DAY

OF

MO.

1

2

3

4

5

0.08656

0.08656

0.08656

0.08655 

0.08655

O.08646

0.08645

0.08645

0.08645

0.08644

0.08635

0.08635

0.08635

0.08634 

0.08634

0.08625

0.08624

0.08622

0.08621

0.08619

0.08583

0.08582

0.08581

0.08579

0.08578

0.08542

0.08540

0.08539

0.08538 

0.08536

0.08500

0.08499

0.08497

0.08496 

0.08494 

0.08458

0.08457

0.08456

0.08454

0.08453

0.08417

0.08415

0.08414

0.08413

0.08411

0.08375

0.08374

0.08372

0.08371

0.08369 

0.08333

0.08332

0.08331

0.08329

0.08328 

0.08292

0.08290

0.08289

0.08288

0.08286

0.08250

0.08250

0.08249

0.08247

0.08246

0.08208

0.08207

0.08206

0.08204 

0.08203 

 

0.08167

0.08165

0.08164 

0.08163 

0.08161 

 

0.08125

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.08655

0.08654

0.08654

0.08653

0.08653

0.08644

0.08644

0.08643

0.08643

0.08643

0.08634

0.08633

0.08633

0.08633

0.08632

0.08618

0.08617

0.08615

0.08614

0.08613

0.08576

0.08575

0.08574

0.08572

0.08571

0.08535

0.08533

0.08532

0.08531

0.08529

0.08493

0.08492

0.08490

0.08489

0.08488

0.08451

0.08450

0.08449

0.08447

0.08446

0.08410

0.08408

0.08407

0.08406

0.08404

0.08368

0.08367

0.08365

0.08364

0.08363

0.08326

0.08325

0.08324

0.08322

0.08321

0.08285

0.08283

0.08282

0.08281

0.08279

0.08244

0.08243

0.08242

0.08240

0.08239

0.08201

0.08200

0.08199

0.08197

0.08196

0.08160

0.08458

0.08157

0.08156

0.08154

 6

 7

 8

 9

10

11

12

13

14

15

0.08653

0.08652

0.08652

0.08652

0.08651

0.08642

0.08642

0.08642

0.08641

0.08641

0.08632

0.08632

0.08631

0.08631

0.08631

0.08611

0.08610

0.08608

0.08607

0.08606

0.08569

0.08568

0.08567

0.08565

0.08564

0.08528

0.08526

0.08525

0.08524

0.08522

0.08486

0.08485

0.08483

0.08482

0.08481

0.08444

0.08443

0.08442

0.08440

0.08439

0.08403

0.08401

0.08400

0.08399

0.08397

0.08361

0.08360

0.08358

0.08357

0.08356

0.08319

0.08318

0.08317

0.08315

0.08314

0.08278

0.08276

0.08275

0.08274

0.08272

0.08238

0.08236

0.08235

0.08233

0.08232

0.08194

0.08193

0.08192

0.08190

0.08189

0.08153

0.08151

0.08150

0.08149

0.08147

11

12

13

14

15

16

17

18

19

20

0.08651

0.08651

0.08650

0.08650

0.08650

0.08641

0.08640

0.08640

0.08640

0.08639

0.08630

0.08630

0.08630

0.08629

0.08629

0.08604

0.08603

0.08601

0.08600

0.08599

0.08563

0.08561

0.08560

0.08558

0.08557

0.08521

0.08519

0.08518

0.08517

0.08515

0.08479

0.08478

0.08476

0.08475

0.08474

0.08438

0.08436

0.08435

0.08433

0.08432

0.08396

0.08394

0.08393

0.08392

0.08390

0.08354

0.08353

0.08351

0.08350

0.08349

0.08313

0.08311

0.08310

0.08308

0.08307

0.08271

0.08269

0.08268

0.08267

0.08265

0.08231

0.08229

0.08228

0.08226

0.08225

0.08188

0.08186

0.08185

0.08183

0.08182

0.08146

0.08144

0.08143

0.08142

0.08140

17

18

19

20

21

22

23

24

25

0.08649

0.08649

0.08649

0.08648

0.08648

0.08639

0.08639

0.08638

0.08638

0.08638

0.08628

0.08628

0.08628

0.08627

0.08627

0.08597

0.08596

0.08594

0.08593

0.08592

0.08556

0.08554

0.08553

0.08551

0.08550

0.08514

0.08513

0.08511

0.08510

0.08508

0.08472

0.08471

0.08469

0.08468

0.08467

0.08431

0.08429

0.08428

0.08426

0.08425

0.08389

0.08389

0.08386

0.08385

0.08383

0.08347

0.08346

0.08344

0.08343

0.08342

0.08306

0.08304

0.08303

0.08301

0.08300

0.08264

0.08263

0.08261

0.08260

0.08258

0.08224

0.08222

0.08221

0.08219

0.08218

0.08181

0.08179

0.08178

0.08176

0.08175

0.08139

0.08138

0.08136

0.08135

0.08133

21

22

23

24

25

26

27

28

29

30

31

0.08648

0.08647

0.08647

0.08647

0.08646

0.08646

0.08637

0.08637

0.08636

0.08636

0.08636

0.08627

0.08626

0.08626

0.08626

0.08625

0.08625

0.08590

0.08589

0.08588

0.08586

0.08585

0.08583

0.08549

0.08547

0.08546

0.08544

0.08507

0.08506

0.08504

0.08503

0.08501

0.08500

0.08465

0.08464

0.08463

0.08461

0.08460

0.08424

0.08422

0.08421

0.08419

0.08418

0.08417

0.08382

0.08381

0.08379

0.08378

0.08376

0.08340

0.08339

0.08338

0.08336

0.08335

0.08333

0.08299

0.08297

0.08296

0.08294

0.08293

0.08292

0.08257

0.08256

0.08254

0.08253

0.08251

0.08217

0.08215

0.08214

0.08213

0.08211

0.08210

0.08174

0.08172

0.08171

0.08169

0.08168

0.08132

0.08131

0.08129

0.08128

0.08126

0.08125

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1991

NOVEMBER

1991

DECEMBER

1991

JANUARY

1992

FEBRUARY

1992

MARCH

1992

APRIL

1992

MAY

1992

JUNE

1992

JULY

1992

AUGUST

1992

SEPTEMBER

1992

OCTOBER

1992

NOVEMBER

1992

DECEMBER

1992

JANUARY

1993 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/93 to provide the composite rate for interest computations covering the period running from 1/1/92 through 12/31/92 (i.e. when last day of grace period was 12/31/91).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1992 THRU JANUARY 1, 1994

DAY

OF

MO.

OCTOBER

1992

NOVEMBER

1992

DECEMBER

1992

JANUARY

1993

FEBRUARY

1993

MARCH

1993

APRIL

1993

MAY

1993

JUNE

1993

JULY

1993

AUGUST

1993

SEPTEMBER

1993

OCTOBER

1993

NOVEMBER

1993

DECEMBER

1993

JANUARY

1994 *

DAY

OF

MO.

1

2

3

4

5

0.08250

0.08250

0.08249

0.08247 

0.08246

O.08208

0.08207

0.08206

0.08204

0.08203

0.08167

0.08167

0.08165

0.08164 

0.08163

0.08125

0.08125

0.08122

0.08119

0.08117

0.08042

0.08039

0.08036

0.08033

0.08031

0.07958

0.07958

0.07956

0.07953 

0.07950

0.07875

0.07872

0.07869

0.07867 

0.07864 

0.07792

0.07792

0.07789

0.07786

0.07783

0.07708

0.07706

0.07703

0.07700

0.07697

0.07625

0.07625

0.07622

0.07619

0.07617 

0.07542

0.07542

0.07539

0.07536

0.07533 

0.07458

0.07456

0.07453

0.07450

0.07447

0.07375

0.07375

0.07372

0.07369

0.07367

0.07292

0.07289

0.07286

0.07283 

0.07281 

 

0.07208

0.07208

0.07206 

0.07203 

0.07200 

 

0.07125

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.08244

0.08243

0.08242

0.08240

0.08239

0.08201

0.08200

0.08199

0.08197

0.08196

0.08161

0.08160

0.08158

0.08157

0.08156

0.08114

0.08111

0.08108

0.08106

0.08103

0.08028

0.08025

0.08022

0.08019

0.08017

0.07947

0.07944

0.07942

0.07939

0.07936

0.07861

0.07858

0.07856

0.07853

0.07850

0.07781

0.07778

0.07775

0.07772

0.07769

0.07694

0.07692

0.07689

0.07686

0.07683

0.07614

0.07611

0.07608

0.07606

0.07603

0.07531

0.07528

0.07525

0.07522

0.07519

0.07444

0.07442

0.07439

0.07436

0.07433

0.07364

0.07361

0.07358

0.07356

0.07353

0.07278

0.07275

0.07272

0.07269

0.07267

0.07197

0.07194

0.07192

0.07189

0.07186

 6

 7

 8

 9

10

11

12

13

14

15

0.08238

0.08236

0.08235

0.08233

0.08232

0.08194

0.08193

0.08192

0.08190

0.08189

0.08154

0.08153

0.08151

0.08150

0.08149

0.08100

0.08097

0.08094

0.08092

0.08089

0.08014

0.08011

0.08008

0.08006

0.08003

0.07933

0.07931

0.07928

0.07925

0.07922

0.07847

0.07844

0.07842

0.07839

0.07836

0.07767

0.07764

0.07761

0.07758

0.07756

0.07681

0.07678

0.07675

0.07672

0.07669

0.07600

0.07597

0.07594

0.07592

0.07589

0.07517

0.07514

0.07511

0.07508

0.07506

0.07431

0.07428

0.07425

0.07422

0.07419

0.07350

0.07347

0.07344

0.07342

0.07339

0.07264

0.07261

0.07258

0.07256

0.07253

0.07183

0.07181

0.07178

0.07175

0.07172

11

12

13

14

15

16

17

18

19

20

0.08231

0.08229

0.08228

0.08226

0.08225

0.08188

0.08186

0.08185

0.08183

0.08182

0.08147

0.08146

0.08144

0.08143

0.08142

0.08086

0.08083

0.08081

0.08078

0.08075

0.08000

0.07997

0.07994

0.07992

0.07989

0.07919

0.07917

0.07914

0.07911

0.07908

0.07833

0.07831

0.07828

0.07825

0.07822

0.07753

0.07750

0.07747

0.07744

0.07742

0.07667

0.07664

0.07661

0.07658

0.07656

0.07588

0.07583

0.07581

0.07578

0.07575

0.07503

0.07500

0.07497

0.07494

0.07492

0.07417

0.07414

0.07411

0.07408

0.07406

0.07336

0.07333

0.07331

0.07328

0.07325

0.07250

0.07247

0.07244

0.07242

0.07239

0.07169

0.07167

0.07164

0.07161

0.07158

17

18

19

20

21

22

23

24

25

0.08224

0.08222

0.08221

0.08210

0.08218

0.08181

0.08179

0.08178

0.08176

0.08175

0.08140

0.08139

0.08138

0.08136

0.08135

0.08072

0.08069

0.08067

0.08064

0.08061

0.07986

0.07983

0.07981

0.07978

0.07975

0.07906

0.07903

0.07900

0.07897

0.07894

0.07819

0.07817

0.07814

0.07811

0.07808

0.07739

0.07736

0.07733

0.07731

0.07728

0.07653

0.07650

0.07647

0.07644

0.07642

0.07572

0.07569

0.07567

0.07564

0.07561

0.07489

0.07486

0.07483

0.07481

0.07478

0.07403

0.07400

0.07397

0.07394

0.07392

0.07322

0.07319

0.07317

0.07314

0.07311

0.07236

0.07233

0.07231

0.07228

0.07225

0.07156

0.07153

0.07150

0.07147

0.07144

21

22

23

24

25

26

27

28

29

30

31

0.08217

0.08215

0.08214

0.08213

0.08211

0.08210

0.08174

0.08172

0.08171

0.08169

0.08168

0.08133

0.08132

0.08131

0.08129

0.08128

0.08126

0.08058

0.08056

0.08053

0.08050

0.08047

0.08044

0.07972

0.07969

0.07967

0.07892

0.07889

0.07886

0.07883

0.07881

0.07878

0.07806

0.07803

0.07800

0.07797

0.07794

0.07725

0.07722

0.07719

0.07717

0.07714

0.07711

0.07639

0.07636

0.07633

0.07631

0.07628

0.07558

0.07556

0.07553

0.07550

0.07547

0.07544

0.07475

0.07472

0.07469

0.07467

0.07464

0.07461

0.07389

0.07386

0.07383

0.07381

0.07378

0.07308

0.07306

0.07303

0.07300

0.07297

0.07294

0.07222

0.07219

0.07217

0.07214

0.07211

0.07142

0.07139

0.07136

0.07133

0.07131

0.07128

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1992

NOVEMBER

1992

DECEMBER

1992

JANUARY

1993

FEBRUARY

1993

MARCH

1993

APRIL

1993

MAY

1993

JUNE

1993

JULY

1993

AUGUST

1993

SEPTEMBER

1993

OCTOBER

1993

NOVEMBER

1993

DECEMBER

1993

JANUARY

1994 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/94 to provide the composite rate for interest computations covering the period running from 1/1/93 through 12/31/93 (i.e. when last day of grace period was 12/31/92).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1993 THRU JANUARY 1, 1995

DAY

OF

MO.

OCTOBER

1993

NOVEMBER

1993

DECEMBER

1993

JANUARY

1994

FEBRUARY

1994

MARCH

1994

APRIL

1994

MAY

1994

JUNE

1994

JULY

1994

AUGUST

1994

SEPTEMBER

1994

OCTOBER

1994

NOVEMBER

1994

DECEMBER

1994

JANUARY

1995 *

DAY

OF

MO.

1

2

3

4

5

0.07375

0.07375

0.07372

0.07369

0.07367

O.07292

0.07289

0.07286

0.07283

0.07281

0.07208

0.07208

0.07206

0.07203 

0.07200

0.07125

0.07125

0.07123

0.07120

0.07118

0.07052

0.07045

0.07042

0.07040

0.07038

0.06979

0.06979

0.06977

0.06974 

0.06972

0.06906

0.06904

0.06901

0.06899 

0.06897 

0.06833

0.06833

0.06831

0.06828

0.06826

0.06760

0.06758

0.06756

0.06753

0.06751

0.06688

0.06688

0.06685

0.06683

0.06680 

0.06615

0.06615

0.06612

0.06610

0.06607 

0.06542

0.06539

0.06537

0.06534

0.06532

0.06469

0.06469

0.06466

0.06464

0.06461

0.06396

0.06393

0.06391

0.06389 

0.06386 

 

0.06323

0.06323

0.06320 

0.06318 

0.06316 

 

0.06250

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.07364

0.07361

0.07358

0.07356

0.07353

0.07278

0.07275

0.07272

0.07269

0.07267

0.07197

0.07194

0.07192

0.07189

0.07186

0.07115

0.07113

0.07110

0.07108

0.07106

0.07035

0.07033

0.07030

0.07028

0.07025

0.06969

0.06967

0.06965

0.06962

0.06960

0.06894

0.06892

0.06889

0.06887

0.06884

0.06824

0.06821

0.06819

0.06816

0.06814

0.06748

0.06746

0.06743

0.06741

0.06739

0.06678

0.06675

0.06673

0.06670

0.06668

0.06605

0.06602

0.06600

0.06598

0.06595

0.06530

0.06527

0.06525

0.06522

0.06520

0.06459

0.06457

0.06454

0.06452

0.06449

0.06384

0.06381

0.06379

0.06376

0.06374

0.06313

0.06311

0.06308

0.06306

0.06303

 6

 7

 8

 9

10

11

12

13

14

15

0.07350

0.07347

0.07344

0.07342

0.07339

0.07264

0.07261

0.07258

0.07256

0.07253

0.07183

0.07181

0.07178

0.07175

0.07172

0.07103

0.07101

0.07098

0.07096

0.07093

0.07023

0.07020

0.07018

0.07016

0.07013

0.06957

0.06955

0.06952

0.06950

0.06948

0.06882

0.06880

0.06877

0.06875

0.06872

0.06811

0.06809

0.06807

0.06804

0.06802

0.06736

0.06734

0.06731

0.06729

0.06726

0.06666

0.06663

0.06661

0.06658

0.06656

0.06593

0.06590

0.06588

0.06585

0.06583

0.06517

0.06515

0.06513

0.06510

0.06508

0.06447

0.06444

0.06442

0.06440

0.06437

0.06372

0.06369

0.06367

0.06364

0.06362

0.06301

0.06299

0.09296

0.06294

0.06291

11

12

13

14

15

16

17

18

19

20

0.07336

0.07333

0.07331

0.07328

0.07325

0.07250

0.07247

0.07244

0.07242

0.07239

0.07169

0.07167

0.07164

0.07161

0.07158

0.07091

0.07089

0.07086

0.07084

0.07081

0.07011

0.07008

0.07006

0.07003

0.07001

0.06945

0.06943

0.06940

0.06938

0.06935

0.06870

0.06867

0.06865

0.06863

0.06860

0.06799

0.06797

0.06794

0.06792

0.06790

0.06724

0.06722

0.06719

0.06717

0.06714

0.06653

0.06651

0.06649

0.06646

0.06644

0.06581

0.06578

0.06576

0.06573

0.06571

0.06505

0.06503

0.06500

0.06498

0.06495

0.06435

0.06432

0.06430

0.06427

0.06425

0.06359

0.06357

0.06355

0.06352

0.06350

0.06289

0.06286

0.06284

0.06282

0.06279

17

18

19

20

21

22

23

24

25

0.07322

0.07319

0.07317

0.07314

0.07311

0.07236

0.07233

0.07231

0.07228

0.07225

0.07156

0.07153

0.07150

0.07147

0.07144

0.07079

0.07076

0.07074

0.07072

0.07069

0.06999

0.06996

0.06994

0.06991

0.06989

0.06933

0.06931

0.06928

0.06926

0.06923

0.06858

0.06855

0.06853

0.06850

0.06848

0.06787

0.06785

0.06782

0.06780

0.06777

0.06712

0.06709

0.06707

0.06705

0.06702

0.06641

0.06639

0.06636

0.06634

0.06632

0.06568

0.06566

0.06564

0.06561

0.06559

0.06493

0.06491

0.06488

0.06486

0.06483

0.06423

0.06420

0.06418

0.06415

0.06413

0.06347

0.06345

0.06342

0.06340

0.06338

0.06277

0.06274

0.06272

0.06269

0.06267

21

22

23

24

25

26

27

28

29

30

31

0.07308

0.07306

0.07303

0.07300

0.07297

0.07294

0.07222

0.07219

0.07217

0.07214

0.07211

0.07142

0.07139

0.07136

0.07133

0.07131

0.07128

0.07067

0.07064

0.07062

0.07059

0.07057

0.07055

0.06986

0.06984

0.06982

0.06921

0.06918

0.06916

0.06914

0.06911

0.06909

0.06845

0.06843

0.06841

0.06838

0.06836

0.06775

0.06773

0.06770

0.06768

0.06765

0.06763

0.06700

0.06697

0.06695

0.06692

0.06690

0.06629

0.06627

0.06624

0.06622

0.06619

0.06617

0.06556

0.06554

0.06551

0.06549

0.06547

0.06544

0.06481

0.06478

0.06476

0.06474

0.06471

0.06410

0.06408

0.06406

0.06403

0.06401

0.06398

0.06335

0.06333

0.06330

0.06328

0.06325

0.06265

0.06262

0.06260

0.06257

0.06255

0.06252

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1993

NOVEMBER

1993

DECEMBER

1993

JANUARY

1994

FEBRUARY

1994

MARCH

1994

APRIL

1994

MAY

1994

JUNE

1994

JULY

1994

AUGUST

1994

SEPTEMBER

1994

OCTOBER

1994

NOVEMBER

1994

DECEMBER

1994

JANUARY

1995 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/95 to provide the composite rate for interest computations covering the period running from 1/1/94 through 12/31/94 (i.e. when last day of grace period was

12/31/93).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1994 THRU JANUARY 1, 1996

DAY

OF

MO.

OCTOBER

1994

NOVEMBER

1994

DECEMBER

1994

JANUARY

1995

FEBRUARY

1995

MARCH

1995

APRIL

1995

MAY

1995

JUNE

1995

JULY

1995

AUGUST

1995

SEPTEMBER

1995

OCTOBER

1995

NOVEMBER

1995

DECEMBER

1995

JANUARY

1996 *

DAY

OF

MO.

1

2

3

4

5

0.06469

0.06469

0.06466

0.06464 

0.06461

O.06396

0.06393

0.06391

0.06389

0.06386

0.06323

0.06323

0.06320

0.06318 

0.06316

0.06250

0.06250

0.06252

0.06254

0.06256

0.06313

0.06319

0.06321

0.06323

0.06325

0.06375

0.06375

0.06377

0.06379 

0.06381

0.06438

0.06440

0.06442

0.06444 

0.06446 

0.06500

0.06500

0.06502

0.06504

0.06506

0.06563

0.06565

0.06567

0.06569

0.06571

0.06625

0.06625

0.06627

0.06629

0.06631 

0.06688

0.06688

0.06690

0.06692

0.06694 

0.06750

0.06752

0.06754

0.06756

0.06758

0.06813

0.06813

0.06815

0.06817

0.06819

0.06875

0.06877

0.06879

0.06881 

0.06883 

 

0.06938

0.06938

0.06940 

0.06942 

0.06944 

 

0.07000

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.06459

0.06457

0.06454

0.06452

0.06449

0.06384

0.06381

0.06379

0.06376

0.06374

0.06313

0.06311

0.06308

0.06306

0.06303

0.06258

0.06260

0.06263

0.06265

0.06267

0.06327

0.06329

0.06331

0.06333

0.06335

0.06383

0.06385

0.06388

0.06390

0.06392

0.06448

0.06450

0.06452

0.06454

0.06456

0.06508

0.06510

0.06513

0.06515

0.06517

0.06573

0.06575

0.06577

0.06579

0.06581

0.06633

0.06635

0.06638

0.06640

0.06642

0.06696

0.06698

0.06700

0.06702

0.06704

0.06760

0.06763

0.06765

0.06767

0.06769

0.06821

0.06823

0.06825

0.06827

0.06829

0.06885

0.06888

0.06890

0.06892

0.06894

0.06946

0.06948

0.06950

0.06952

0.06954

 6

 7

 8

 9

10

11

12

13

14

15

0.06447

0.06444

0.06442

0.06440

0.06437

0.06372

0.06369

0.06367

0.06364

0.06362

0.06301

0.06299

0.06296

0.06294

0.06291

0.06269

0.06271

0.06273

0.06275

0.06277

0.06338

0.06340

0.06342

0.06344

0.06346

0.06394

0.06396

0.06398

0.06400

0.06402

0.06458

0.06460

0.06430

0.06465

0.06467

0.06519

0.06521

0.06523

0.06525

0.06527

0.06583

0.06585

0.06588

0.06590

0.06592

0.06644

0.06646

0.06648

0.06650

0.06652

0.06706

0.06708

0.06710

0.06713

0.06715

0.06771

0.06773

0.06775

0.06777

0.06779

0.06831

0.06833

0.06835

0.06838

0.06840

0.06896

0.06898

0.06900

0.06902

0.06904

0.06956

0.06958

0.06960

0.06963

0.06965

11

12

13

14

15

16

17

18

19

20

0.06435

0.06432

0.06430

0.06427

0.06425

0.06359

0.06357

0.06355

0.06352

0.06350

0.06289

0.06286

0.06284

0.06282

0.06279

0.06279

0.06281

0.06283

0.06285

0.06288

0.06348

0.06350

0.06352

0.06354

0.06356

0.06404

0.06406

0.06408

0.06410

0.06413

0.06469

0.06471

0.06473

0.06475

0.06477

0.06529

0.06531

0.06533

0.06535

0.06538

0.06594

0.06596

0.06598

0.06600

0.06602

0.06654

0.06656

0.06658

0.06660

0.06663

0.06717

0.06719

0.06721

0.06723

0.06725

0.06781

0.06783

0.06785

0.06788

0.06790

0.06842

0.06844

0.06846

0.06848

0.06850

0.06906

0.06908

0.06910

0.06913

0.06915

0.06967

0.06969

0.06971

0.06973

0.06975

17

18

19

20

21

22

23

24

25

0.06423

0.06420

0.06418

0.06415

0.06413

0.06347

0.06345

0.06342

0.06340

0.06338

0.06277

0.06274

0.06272

0.06269

0.06267

0.06290

0.06292

0.06294

0.06296

0.06298

0.06358

0.06360

0.06363

0.06365

0.06367

0.06415

0.06417

0.06419

0.06421

0.06423

0.06479

0.06481

0.06483

0.06485

0.06488

0.06540

0.06542

0.06544

0.06546

0.06548

0.06604

0.06606

0.06608

0.06610

0.06613

0.06665

0.06667

0.06669

0.06671

0.06673

0.06727

0.06729

0.06731

0.06733

0.06735

0.06792

0.06794

0.06796

0.06798

0.06800

0.06852

0.06854

0.06856

0.06858

0.06860

0.06917

0.06919

0.06921

0.06923

0.06925

0.06977

0.06979

0.06981

0.06983

0.06985

21

22

23

24

25

26

27

28

29

30

31

0.06410

0.06408

0.06406

0.06403

0.06401

0.06398

0.06335

0.06333

0.06330

0.06328

0.06325

0.06265

0.06262

0.06260

0.06257

0.06255

0.06252

0.06300

0.06302

0.06304

0.06306

0.06308

0.06310

0.06369

0.06371

0.06373

0.06425

0.06427

0.06429

0.06431

0.06433

0.06435

0.06490

0.06492

0.06494

0.06496

0.06498

0.06550

0.06552

0.06554

0.06556

0.06558

0.06560

0.06615

0.06617

0.06619

0.06621

0.06623

0.06675

0.06677

0.06679

0.06681

0.06683

0.06685

0.06738

0.06740

0.06742

0.06744

0.06746

0.06748

0.06802

0.06804

0.06806

0.06808

0.06810

0.06863

0.06865

0.06867

0.06869

0.06871

0.06873

0.06927

0.06929

0.06931

0.06933

0.06935

0.06988

0.06990

0.06992

0.06994

0.06996

0.06998

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1994

NOVEMBER

1994

DECEMBER

1994

JANUARY

1995

FEBRUARY

1995

MARCH

1995

APRIL

1995

MAY

1995

JUNE

1995

JULY

1995

AUGUST

1995

SEPTEMBER

1995

OCTOBER

1995

NOVEMBER

1995

DECEMBER

1995

JANUARY

1996 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/96 to provide the composite rate for interest computations covering the period running from 1/1/95 through 12/31/95 (i.e. when last day of grace period was

12/31/94).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1995 THRU JANUARY 1, 1997

DAY

OF

MO.

OCTOBER

1995

NOVEMBER

1995

DECEMBER

1995

JANUARY

1996

FEBRUARY

1996

MARCH

1996

APRIL

1996

MAY

1996

JUNE

1996

JULY

1996

AUGUST

1996

SEPTEMBER

1996

OCTOBER

1996

NOVEMBER

1996

DECEMBER

1996

JANUARY

1997*

DAY

OF

MO.

1

2

3

4

5

0.06813

0.06813

0.06815

0.06817 

0.06819

O.06875

0.06877

0.06879

0.06881

0.06883

0.06938

0.06938

0.06940

0.06942 

0.06944

0.07000

0.07000

0.07000

0.06999

0.06999

0.06990

0.06989

0.06989

0.06988

0.06988

0.06979

0.06979

0.06979

0.06978 

0.06978

0.06969

0.06968

0.06968

0.06968 

0.06967 

0.06958

0.06958

0.06958

0.06958

0.06957

0.06948

0.06948

0.06947

0.06947

0.06947

0.06938

0.06938

0.06937

0.06937

0.06936 

0.06927

0.06927

0.06927

0.06926

0.06926 

0.06917

0.06916

0.06916

0.06916

0.06915

0.06906

0.06906

0.06906

0.06906

0.06905

0.06896

0.06895

0.06895

0.06895 

0.06894 

 

0.06885

0.06885

0.06885 

0.06885 

0.06884 

 

0.06875

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.06821

0.06823

0.06825

0.06827

0.06829

0.06885

0.06888

0.06890

0.06892

0.06894

0.06946

0.06948

0.06950

0.06952

0.06954

0.06999

0.06998

0.06998

0.06998

0.06997

0.06988

0.06987

0.06987

0.06986

0.06986

0.06978

0.06977

0.06977

0.06977

0.06976

0.06967

0.06967

0.06966

0.06966

0.06966

0.06957

0.06957

0.06956

0.06956

0.06956

0.06946

0.06946

0.06945

0.06945

0.06945

0.06936

0.06936

0.06935

0.06935

0.06935

0.06926

0.06925

0.06925

0.06925

0.06924

0.06915

0.06915

0.06914

0.06914

0.06914

0.06905

0.06905

0.06904

0.06904

0.06903

0.06894

0.06894

0.06893

0.06893

0.06893

0.06884

0.06884

0.06883

0.06883

0.06883

 6

 7

 8

 9

10

11

12

13

14

15

0.06831

0.06833

0.06835

0.06838

0.06840

0.06896

0.06898

0.06900

0.06902

0.06904

0.06956

0.06958

0.06960

0.06963

0.06965

0.06997

0.06997

0.06996

0.06996

0.06995

0.06986

0.06985

0.06985

0.06985

0.06984

0.06976

0.06976

0.06975

0.06975

0.06975

0.06965

0.06965

0.06965

0.06964

0.06964

0.06955

0.06955

0.06955

0.06954

0.06954

0.06944

0.06944

0.06944

0.06943

0.06943

0.06934

0.06934

0.06934

0.06933

0.06933

0.06924

0.06924

0.06923

0.06923

0.06923

0.06913

0.06913

0.06913

0.06912

0.06912

0.06903

0.06903

0.06902

0.06902

0.06902

0.06892

0.06892

0.06892

0.06891

0.06891

0.06882

0.06882

0.06882

0.06881

0.06881

11

12

13

14

15

16

17

18

19

20

0.06842

0.06844

0.06846

0.06848

0.06850

0.06906

0.06908

0.06910

0.06913

0.06915

0.06967

0.06969

0.06971

0.06973

0.06975

0.06995

0.06995

0.06994

0.06994

0.06994

0.06984

0.06984

0.06983

0.06983

0.06983

0.06974

0.06974

0.06974

0.06973

0.06973

0.06964

0.06963

0.06963

0.06963

0.06962

0.06953

0.06953

0.06953

0.06952

0.06952

0.06943

0.06942

0.06942

0.06942

0.06941

0.06933

0.06932

0.06932

0.06932

0.06931

0.06922

0.06922

0.06922

0.06921

0.06921

0.06911

0.06911

0.06911

0.06910

0.06910

0.06901

0.06901

0.06901

0.06900

0.06900

0.06891

0.06890

0.06890

0.06890

0.06889

0.06881

0.06880

0.06880

0.06880

0.06879

17

18

19

20

21

22

23

24

25

0.06852

0.06854

0.06856

0.06858

0.06860

0.06917

0.06919

0.06921

0.06923

0.06925

0.06977

0.06979

0.06981

0.06983

0.06985

0.06993

0.06993

0.06993

0.06992

0.06992

0.06982

0.06982

0.06982

0.06981

0.06981

0.06973

0.06972

0.06972

0.06972

0.06971

0.06962

0.06961

0.06961

0.06961

0.06960

0.06952

0.06951

0.06951

0.06951

0.06950

0.06941

0.06941

0.06940

0.06940

0.06940

0.06931

0.06931

0.06930

0.06930

0.06930

0.06920

0.06920

0.06920

0.06919

0.06919

0.06910

0.06909

0.06909

0.06909

0.06908

0.06900

0.06899

0.06899

0.06899

0.06898

0.06889

0.06889

0.06888

0.06888

0.06888

0.06879

0.06878

0.06878

0.06878

0.06877

21

22

23

24

25

26

27

28

29

30

31

0.06863

0.06865

0.06867

0.06869

0.06871

0.06873

0.06927

0.06929

0.06931

0.06933

0.06935

0.06988

0.06990

0.06992

0.06994

0.06996

0.06998

0.06992

0.06991

0.06991

0.06991

0.06990

0.06990

0.06981

0.06980

0.06980

0.06980

0.06971

0.06970

0.06970

0.06970

0.06969

0.06969

0.06960

0.06960

0.06959

0.06959

0.06959

0.06950

0.06950

0.06949

0.06949

0.06949

0.06948

0.06939

0.06939

0.06939

0.06938

0.06938

0.06929

0.06929

0.06928

0.06928

0.06928

0.06927

0.06919

0.06918

0.06918

0.06918

0.06917

0.06917

0.06908

0.06908

0.06907

0.06907

0.06907

0.06898

0.06898

0.06897

0.06897

0.06897

0.06896

0.06887

0.06887

0.06886

0.06886

0.06886

0.06877

0.06877

0.06876

0.06876

0.06876

0.06875

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1995

NOVEMBER

1995

DECEMBER

1995

JANUARY

1996

FEBRUARY

1996

MARCH

1996

APRIL

1996

MAY

1996

JUNE

1996

JULY

1996

AUGUST

1996

SEPTEMBER

1996

OCTOBER

1996

NOVEMBER

1996

DECEMBER

1996

JANUARY

1997 *

DAY

OF

MO.

*An entry is necessary for the IAD 1/1/97 to provide the composite rate for interest computations covering the period running from 1/1/96 through 12/31/96 (i.e. when last day of grace period was

12/31/95).
COMPOSITE INTEREST RATE TABLE

U. S. CIVIL SERVICE RETIREMENT SYSTEM

COMPOSITE INTEREST RATES FOR MILITARY SERVICE CREDIT DEPOSITS

FOR INTEREST ACCRUAL DATES OCTOBER 1, 1996 THRU JANUARY 1,1998

DAY

OF

MO.

OCTOBER

1996

NOVEMBER

1996

DECEMBER

1996

JANUARY

1997

FEBRUARY

1997

MARCH

1997

APRIL

1997

MAY

1997

JUNE

1997

JULY

1997

AUGUST

1997

SEPTEMBER

1997

OCTOBER

1997

NOVEMBER

1997

DECEMBER

1997

JANUARY

1998 

DAY

OF

MO.

1

2

3

4

5

0.06906

0.06906

0.06906

0.06906 

0.06905

O.06896

0.06895

0.06895

0.06895

0.06894

0.06885

0.06885

0.06885

0.06885 

0.06884

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875 

0.06875

0.06875

0.06875

0.06875

0.06875 

0.06875 

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875 

0.06875

0.06875

0.06875

0.06875

0.06875 

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875 

0.06875 

 

0.06875

0.06875

0.06875 

0.06875 

0.06875 

 

 1

 2

 3

 4

 5

6

7

8

9

10

0.06905

0.06905

0.06904

0.06904

0.06903

0.06894

0.06894

0.06893

0.06893

0.06893

0.06884

0.06884

0.06883

0.06883

0.06883

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

 6

 7

 8

 9

10

11

12

13

14

15

0.06903

0.06903

0.06902

0.06902

0.06902

0.06892

0.06892

0.06892

0.06891

0.06891

0.06882

0.06882

0.06882

0.06881

0.06881

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

11

12

13

14

15

16

17

18

19

20

0.06901

0.06901

0.06901

0.06900

0.06900

0.06891

0.06890

0.06890

0.06890

0.06889

0.06881

0.06880

0.06880

0.06880

0.06879

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

17

18

19

20

21

22

23

24

25

0.06900

0.06899

0.06899

0.06899

0.06898

0.06889

0.06889

0.06888

0.06888

0.06888

0.06879

0.06878

0.06878

0.06878

0.06877

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

21

22

23

24

25

26

27

28

29

30

31

0.06898

0.06898

0.06897

0.06897

0.06897

0.06896

0.06887

0.06887

0.06886

0.06886

0.06886

0.06877

0.06877

0.06876

0.06876

0.06876

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

0.06875

26

27

28

29

30

31

DAY

OF

MO.

OCTOBER

1996

NOVEMBER

1996

DECEMBER

1996

JANUARY

1997

FEBRUARY

1997

MARCH

1997

APRIL

1997

MAY

1997

JUNE

1997

JULY

1997

AUGUST

1997

SEPTEMBER

1997

OCTOBER

1997

NOVEMBER

1997

DECEMBER

1997

JANUARY

1998 

DAY

OF

MO.