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Ly one request in a 12 month period unless there are extenuating circumstances. Requests may include up to 2 retirement dates for comparison purposes. Dates should be at least 12 months apart to see a significant difference in your annuity. Environmental pay and/or shift differential are not included in estimates but will be included by the Office of Personnel Management in your final annuity computation after you retire. Your estimate will not include deductions for state tax, dental/vision ins.

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How Much is the Deposit? CSRS - The amount of deposit is equal to 7% of military base pay earned, plus accrued interest.

A deposit is made for Post-56 military service. How Much Does The Military Deposit Cost? For periods of active duty service prior to 1999, your deposit will equal 3% of your base pay earned during the Post-56 military service.

Your retirement benefit is determined by your years of service. It's calculated at 2.5% times your highest 36 months of basic pay.

Known as the “catch 62,” if these employees are eligible for a social security benefit at age 62 or older, and no deposit has been made for military time, then roughly 2% is subtracted from their CSRS annuity for each year of military service.

Payment can be made online via Pay.gov using checking and saving (ACH) account information, bank branded debit card, or PayPal (linked to checking and saving account only -ACH). Additional instruction on how to process payments is available through the DFAS Military Service Deposit (MSD) Payment eTutorial on YouTube.

Subject: Calendar Year 2022 Interest Rate The U.S. Treasury has announced the calendar year 2022 interest rate is 1.3750 percent. This rate is applicable to “post-1956” military service credit accounts.

Making a deposit for post 1956 military service allows you to receive permanent credit for military service under your Federal civilian retirement system, and the military service remains creditable for Social Security purposes. Making a deposit early helps to avoid the accrual of additional interest.

There is a 2-year grace period from the date of your first retirement coverage to pay a military deposit in full and not be charged any interest.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232