§ 2203. SERVICE CREDIT DEPOSITS.
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Deposit .— In the case of a retirement coverage error in which— a FERS covered employee was erroneously CSRS covered or CSRS-Offset covered; the employee made a service credit deposit under the CSRS rules; and there is a subsequent retroactive change to FERS coverage, the excess of the amount of the CSRS civilian or military service credit deposit over the FERS civilian or military service credit deposit, together with interest computed in accordance with paragraphs
(2)and
(3)of section 8334(e) of title 5 , United States Code, and regulations prescribed by the Office, shall be paid to the employee, the annuitant or, in the case of a deceased employee, to the individual entitled to lump-sum benefits under section 8424(d) of title 5 , United States Code. FERS Deposit.— Applicability .— This subsection applies in the case of an erroneous retirement coverage determination in which— the employee owed a service credit deposit under section 8411(f) of title 5 , United States Code; and there is a subsequent retroactive change to CSRS or CSRS-Offset coverage; or the service becomes creditable under chapter 83 of title 5, United States Code. Reduced annuity.— In general .— If at the time of commencement of an annuity there is remaining unpaid CSRS civilian or military service credit deposit for service described under paragraph (1), the annuity shall be reduced based upon the amount unpaid together with interest computed in accordance with section 8334(e)(2) and
(3)of title 5, United States Code, and regulations prescribed by the Office. Amount .— The reduced annuity to which the individual is entitled shall be equal to an amount that, when taken together with the amount referred to under subparagraph (A), would result in the present value of the total being actuarially equivalent to the present value of the unreduced annuity benefit that would have been provided the individual. Survivor annuity.— In general .— If at the time of commencement of a survivor annuity, there is remaining unpaid any CSRS service credit deposit described under paragraph (1), and there has been no actuarial reduction in an annuity under paragraph (2), the survivor annuity shall be reduced based upon the amount unpaid together with interest computed in accordance with section 8334(e)(2) and
(3)of title 5, United States Code, and regulations prescribed by the Office. Amount .— The reduced survivor annuity to which the individual is entitled shall be equal to an amount that, when taken together with the amount referred to under subparagraph (A), would result in the present value of the total being actuarially equivalent to the present value of an unreduced survivor annuity benefit that would have been provided the individual.
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§ 2203
SERVICE CREDIT DEPOSITS.
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