What is CSRS redeposit service?

A redeposit service (also called "refunded service") is the service in

which you contributed to the CSRS retirement fund, then later separated from

federal service, and received a refund of those contributions.  

If you subsequently returned to federal service, you must repay (or

"redeposit" or "refund") that money, plus any applicable interest, before the

period of time covered by the refund can be credited in the computation of your

annuity benefits.    href="http://www.myfederalretirement.com/public/105.cfm">Click here to view

the interest rates

chart. 

How is CSRS redeposit service treated for eligibility and

annuity calculation?

CSRS ReDeposit Service (Non-disability

retirement*)

Service ended...	Redeposit NOT made	Redeposit made
Before       October 1, 1990	Credit for eligibility.  Credit for annuity computation (actuarilly reduced**)	Credit for eligibily.  Credit for annuity computation
After         October 1, 1990	Credit for eligibility.  NO credit for annuity computation.	Credit for eligibility. Credit for annuity computation

*For CSRS disability retirement, unpaid redeposit service ending before or after October 1, 1990, counts for eligibility but not for computing the annuity.

** in this case, your CSRS monthly annuity will be actuarially reduced by a factor based on your age at retirement.  Click here to view the CSRS acturial factors and formula.

How is a CSRS redeposit made?

Your application to make redeposit (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 Redeposit / Deposit