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OPM.gov / Frequently Asked Questions / Retire FAQ / Pre-Retirement

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Pre-Retirement

Questions and answers

You have a choice. When you owe more money than you thought you had to pay (for example, when you were covered under FERS you owed a smaller deposit than what you will owe by electing CSRS or CSRS Offset) you can either choose to pay the additional deposit amount in full, or OPM will actuarially reduce your annuity.

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Pre-Retirement

Questions and answers

I am a retiree and eligible to change my retirement coverage from FERS to CSRS Offset under FERCCA. If I do so, I'll owe a larger deposit for my military and civilian service. Will I have to pay the additional deposit or will OPM actuarially reduce my annuity?