CSRS Deposit Service
(Non-Deduction Service)
What is CSRS deposit service?
Deposit service (also called "non-deduction service") is the period of service during which retirement contributions were not withheld from your salary. Some examples could include temporary time, or time while working on an intermittent work schedule.
As a CSRS employee, paying the deposit is a personal choice and its effect is dependent upon when the service was performed.
The cost of the deposit is the amount of retirement deductions that would have been taken from your salary had you been covered by the CSRS retirement system, plus interest. (Click here to view the interest rate chart).
How is CSRS deposit service treated for eligibility and annuity calculation?
|
Service Peformed... |
Deposit NOT Paid |
Deposit Paid |
|
Before October 1, 1982 |
Service creditable towards both eligiblity and annuity compu-tation. Annuity reduced by 10% of total deposit owed. |
Credit for eligibility and annuity computation. |
|
On or after October 1, 1982 |
Credit for eligibility, but not credit for anuuity computation. |
Credit for eligibility and annuity computation |
How is a deposit made?
Your application to make a deposit (Standard Form 2803 - Application to Make Deposit or Redeposit, CSRS) must be filed with your current personnel office. They will estimate the amount you actually owe and explain further how your future retirement benefits may be affected. Click here to view Procedures for Making a CSRS Deposit / Redeposit
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Overview - CSRS
