50 U.S. Code § 2054 - Discontinued service benefits

(a) Deferred annuity
A participant who separates from the Agency may, upon separation or at any time before the commencement of an annuity under this subchapter, elect—
(1) to have the participant’s contributions to the fund returned to the participant in accordance with section 2071 (a) of this title; or
(2) except in a case in which the Director determines that separation was based in whole or in part on the ground of disloyalty to the United States, to leave the contributions in the fund and receive an annuity, computed as prescribed in section 2031 of this title, commencing at age 62.
(b) Refund of contributions if former participant dies before age 62
If a participant who qualifies under subsection (a) of this section to receive a deferred annuity commencing at age 62 dies before reaching age 62, the participant’s contributions to the fund, with interest, shall be paid in accordance with the provisions of section 2071 of this title.

Source

(Pub. L. 88–643, title II, § 234, as added Pub. L. 102–496, title VIII, § 802,Oct. 24, 1992, 106 Stat. 3225; amended Pub. L. 103–178, title II, § 202(a)(10),Dec. 3, 1993, 107 Stat. 2026.)
Prior Provisions

A prior section 234 ofPub. L. 88–643, title II, Oct. 13, 1964, 78 Stat. 1048; Pub. L. 97–269, title VI, § 608,Sept. 27, 1982, 96 Stat. 1152; Pub. L. 99–335, title V, § 501(2),June 6, 1986, 100 Stat. 622, related to discontinued service benefits and was set out as a note under section 403 of this title prior to the general amendment of Pub. L. 88–643by section 802 ofPub. L. 102–496.
Amendments

1993—Subsec. (b). Pub. L. 103–178substituted “section 2071” for “sections 2071 and 2121”.
Effective Date of 1993 Amendment

Amendment by Pub. L. 103–178effective Feb. 1, 1993, see section 202(b) ofPub. L. 103–178, set out as a note under section 2001 of this title.

 

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