Payment can be made by using SF 2803 to apply to make service credit payment . Credit will be allowed for title to and computation of the retirement benefit. However, the annuity will be actuarially reduced by an amount equal to the reduction for an alternative form of annuity lump sum in the amount of the redeposit. However, if entitled to Social Security benefits at age 62, and deposit was not made, the military service can no longer be used in the computation of the CSRS benefit. The CSRS benefit will be recalculated to exclude credit for military service.
Voluntary contributions earn a variable interest rate.
Interest credited to each voluntary contribution account is compounded annually as of December 31. They must have at least five years of Federal civilian service and be subject to the retirement system for 1 out of the 2 years immediately preceding the separation on which the retirement is based. Any 25 3. Any 25 4. Any 5 5.