5 CFR 842.404 - Reductions in basic annuity.

§ 842.404 Reductions in basic annuity.

The annuity of an employee or Member retiring under § 842.204(a)(1) or § 842.212(b) is reduced by five-twelfths of 1 percent for each full month by which the commencing date of annuity precedes the 62nd birthday of the employee or Member, unless the individual -

(a) Has completed 30 years of service; or

(b)

(1) Has completed 20 years of service; and

(2) Is at least age 60 on the commencing date of annuity; or

(c) Has completed 20 years of service as -

(1) An air traffic controller, except one separated by removal for cause on charges of misconduct or delinquency;

(2) A firefighter and/or law enforcement officer, except one separated by removal for cause on charges of misconduct of delinquency; or

(3) A Member, except one separated by resignation or expulsion.

Title 5 published on 13-Apr-2017 04:01

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

  • 2016-12-22; vol. 81 # 246 - Thursday, December 22, 2016
    1. 81 FR 93851 - Federal Employees' Retirement System; Government Costs
      GPO FDSys XML | Text
      OFFICE OF PERSONNEL MANAGEMENT
      Proposed rule.
      We must receive your comments by February 21, 2017.
      5 CFR Parts 831, 839, 841, 842, and 847
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