5 CFR 839.1116 - If, because of the change in my retirement coverage, I will owe larger deposits for military and civilian service credit, will I have to pay the additional deposit due or will OPM actuarially reduce my annuity?

Regulations last checked for updates: Jun 01, 2024

Title 5 - Administrative Personnel last revised: May 30, 2024

View all text of Subpart K [§ 839.1101 - § 839.1122]

§ 839.1116 - If, because of the change in my retirement coverage, I will owe larger deposits for military and civilian service credit, will I have to pay the additional deposit due or will OPM actuarially reduce my annuity?

You can choose to pay the additional deposit amount. If you choose not to pay the deposit, OPM will actuarially reduce your annuity, as explained in 831.303(d) of this chapter.

authority: Title II, Pub. L. 106-265, 114 Stat. 770

source: 66 FR 15609, Mar. 19, 2001, unless otherwise noted.

cite as: 5 CFR 839.1116