If full payment is received by December 31 of the year in which this bill is issued, no additional interest will be charged. If not, interest will be computed once each year as of December 31 based on the unpaid balance at that time. Interest is applied at the rated described in the table. Interest is charged from the date of the refund and compounded annually. Interest is charged to the date full payment is made or the date annuity begins, whichever is earlier.
Interest is applied at the rates described in the table.
If you do not pay for a period of this type of service, you will not receive credit in determining your eligibility to retire or in computing your retirement benefit. Retirement deductions were withheld from your pay while you worked for the government and were covered by a retirement program such as the Civil Service Retirement or Federal Employees Retirement Systems. These contributions help fund your retirement benefits. You must apply for TCC coverage within 60 days of losing coverage. With a TCC enrollment, you can have the same as coverage you had as a family member in the FEHB program.