annuity
(3) (A) The sum of— (i) the total annuity payable under this subchapter to an annuitant making an election under paragraph (1), and (ii) the annual rate of pay payable to the annuitant during the part-time, intermittent, or temporary employment referred to in paragraph (1), may not exceed, in any calendar year, the amount described in subparagraph (B). (B) The amount referred to in subparagraph (A) is the greater of— (i) the highest annual rate of basic pay which is payable during such year for full-time employment in the position in which the annuitant is employed, or (ii) the basic pay the annuitant was entitled to receive under this chapter on the date of retirement from the Service. (C) For purposes of this section, the term “annuity” means the annuity earned by the reemployed member based on his or her service irrespective of whether or not the amount payable is reduced by the amount of an annuity payable under section 4054 or 4060(b) of this title .