§ 831.405 Interest on voluntary contributions

5 CFR 831.405(a)(a) Interest on voluntary contributions is computed under § 831.105.

5 CFR 831.405(b)(b) Voluntary contributions begin to earn interest on the date deposited by OPM.

5 CFR 831.405(c)(c) Except as provided in paragraph (d) of this section, voluntary contributions stop earning interest on the earliest of—

5 CFR 831.405(c)(1)(1) The date when OPM authorizes payment to the individual of the balance as a withdrawal (831.406);

5 CFR 831.405(c)(2)(2) The date when the employee or Member separates or transfers to a position not subject to CSRS or FERS; or

5 CFR 831.405(c)(3)(3) The date when the employee transfers to a retirement system other than CSRS or FERS.

5 CFR 831.405(d)(d) If an employee separates with entitlement to a deferred annuity and either dies without withdrawing his or her voluntary contributions or uses his or her voluntary contributions to purchase additional annuity, voluntary contributions stop earning interest on the earlier of—

5 CFR 831.405(d)(1)(1) The date the former employee or Member dies; or

5 CFR 831.405(d)(2)(2) The commencing date of the former employee's or Member's deferred annuity.