5 CFR 842.403 - Computation of basic annuity.

§ 842.403 Computation of basic annuity.
(a) Except as provided in paragraph (b) of this section and§§ 842.405 and 842.406, the annuity of an employee or Member is 1 percent of average pay multiplied by total service.
(b) The annuity of an employee is 1.1 percent of average pay multiplied by total service, provided the individual—
(1) Has completed 20 years of service; and
(2) At the time of separation on which entitlement to an annuity is based—
(i) Is at least age 62; and
(ii) Is not a customs and border protection officer, a Member, Congressional employee, military reserve technician, law enforcement officer, firefighter, nuclear materials courier, or air traffic controller.
[52 FR 4475, Feb. 11, 1987, as amended at 76 FR 42000, July 18, 2011]
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§ 842.403 Computation of basic annuity.

(a) Except as provided in paragraph (b) of this section and §§ 842.405 and 842.406, the annuity of an employee or Member is 1 percent of average pay multiplied by total service.

(b) The annuity of an employee is 1.1 percent of average pay multiplied by total service, provided the individual -

(1) Has completed 20 years of service; and

(2) At the time of separation on which entitlement to an annuity is based -

(i) Is at least age 62; and

(ii) Is not a customs and border protection officer, a Member, Congressional employee, military reserve technician, law enforcement officer, firefighter, nuclear materials courier, or air traffic controller.

[52 FR 4475, Feb. 11, 1987, as amended at 76 FR 42000, July 18, 2011]

Title 5 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 5 CFR Part 842 after this date.

  • 2015-12-04; vol. 80 # 233 - Friday, December 4, 2015
    1. 80 FR 75785 - Human Resources Management Reporting Requirements
      GPO FDSys XML | Text
      OFFICE OF PERSONNEL MANAGEMENT
      Final rule.
      January 4, 2016.
      5 CFR Parts 337, 576, 792, 831, and 842