Application To Make Voluntary Contributions Page 2
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3Information Regarding Voluntary Contributions
Civil Service Retirement System
Filing Your Application
Limit on Contributions
If you are an employee, you must submit the completed
Your total contributions cannot be more than 10 percent of
form to your agency personnel office. They will complete
the total of your basic civilian salary received as of the date
the agency certification box and forward your application to
any contribution is made. You cannot make contributions
the Office of Personnel Management. If you are already
based on anticipated future earnings. OPM will compute
separated for retirement and are waiting for your retirement
your limitation when you retire or close out your account.
application to be approved, no agency certification is
We will accept the contributions you make; however, when
needed. Send your application to:
you retire or close out your account, any amount found to
be in excess of your limit will be refunded, without interest.
U.S. Office of Personnel Management
Retirement Operations Center
Refund of Contributions
PO Box 45
You may apply for and be paid a refund of all (not just a
Boyers, PA 16017-0045
part) of your voluntary contributions plus earned interest at
any time before you retire and receive additional annuity.
Do not send any payment with this application; if you do, it
Please note that you will not receive interest on the amount
will be returned. OPM will send full instructions on how to
of your deposits that exceed the 10 percent limitation. If
make contributions once your application is accepted.
you are paid such a refund, your account is closed. You
cannot open another account or again make voluntary
Definition
contributions unless you are separated for more than 3
Voluntary contributions are optional payments made to the
calendar days and are then reemployed in a position subject
Civil Service Retirement and Disability Fund for the pur
to CSRS.
chase of additional annuity at retirement.
Interest
Who May Make Voluntary Contributions
Your voluntary contributions account earns interest at a
Active employees covered under the Civil Service Retire
rate of 3 percent a year through December 31, 1984. There
ment System (CSRS) or retired employees whose applica
after, your account earns interest at a rate equal to the aver
tions for CSRS retirement are being adjudicated may make
age yield earned by new investments purchased by the
voluntary contributions, provided the Application to Make
Civil Service Retirement and Disability Fund during the
Voluntary Contributions, SF 2804, has been approved by
preceding fiscal year. Interest begins to accrue on the date
OPM. No monies will be accepted until the SF 2804 is
your voluntary contributions are deposited in your account.
approved. OPM will not approve an application from any
Interest is compounded annually on December 31 of each
one who, although otherwise eligible, (1) has not deposited
year. This interest is not subject to Federal income tax until
amounts covering all civilian service performed by the
it is paid to you.
applicant or (2) has previously received a refund of volun
tary contributions, unless the applicant was separated for
As a general rule, your voluntary contributions stop earning
more than 3 calendar days and was again employed in a
interest on the earliest of the following dates: (1) the date
position subject to the CSRS after the refund was paid. Note
OPM authorizes payment of a refund of your voluntary
that employees covered by or retiring under the Federal
contributions; (2) the date you separate from Federal
Employees Retirement System (FERS) are not eligible to
service; or (3) the date you transfer to a position not subject
make voluntary contributions. An employee who transfers
to CSRS (or FERS). Sole exception: if you separate from
from CSRS to FERS may not make additional contributions
Federal service with entitlement to a deferred annuity
to an existing voluntary contributions account. However, the
commencing at age 62 and do not elect a refund of volun
account will continue to earn interest as explained below.
tary contributions, interest will continue to accrue to your
annuity commencing date (62nd birthday) or your death,
How to Make Voluntary Contributions
whichever is earlier. (Note: In the case of a separated
As long as you are eligible, you may make voluntary contri
employee with title to a deferred annuity who receives a
butions at regular intervals or whenever you wish. They
refund of voluntary contributions — either before or after
cannot be deducted from your salary. However, after your
reaching age 62 — the general rule applies and no interest
account is established, OPM will send you information
is payable for the time beyond the date of his or her
about how to have payments deducted from your account at
separation from service.)
a bank or credit union. Each payment must be in multiples
of $25 (i.e., $50, $75, $100, etc). Once your application is
If You Die While You Are a Federal Employee
accepted, you will be assigned an account number and OPM
In this event, your voluntary contributions and accrued
will provide you with instructions for making payments.
interest are payable immediately in a lump sum. The money
You may make voluntary contributions at any time after
cannot be used to buy additional survivor annuity for your
OPM notifies you that you have an account and before you
widow(er) or children. No interest accrues after your death.
apply for a refund or notify OPM that you want to purchase
additional annuity.
SF 2804
Revised July 2006
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