[Code of Federal Regulations]
[Title 5, Volume 2, Parts 700 to 1199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR831.405]

[Page 98]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 831--RETIREMENT--Table of Contents
 
                   Subpart D--Voluntary Contributions
 
Sec. 831.405  Interest on voluntary contributions.

    (a) Interest on voluntary contributions is computed under 
Sec. 831.105.
    (b) Voluntary contributions begin to earn interest on the date 
deposited by OPM.
    (c) Except as provided in paragraph (d) of this section, voluntary 
contributions stop earning interest on the earliest of--
    (1) The date when OPM authorizes payment to the individual of the 
balance as a withdrawal (831.406);
    (2) The date when the employee or Member separates or transfers to a 
position not subject to CSRS or FERS; or
    (3) The date when the employee transfers to a retirement system 
other than CSRS or FERS.
    (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--
    (1) The date the former employee or Member dies; or
    (2) The commencing date of the former employee's or Member's 
deferred annuity.