22 U.S. Code § 4047 - Payment of annuity
(a) Commencement of annuity
(1) Except as otherwise provided in paragraph (2), the annuity of a participant who has met the eligibility requirements for an annuity shall commence on the first day of the month after—
(2) The annuity of—
(A) a participant who is retired and is eligible for benefits under section 4009 (a) of this title or a participant who is retired under section 4053 of this title or is otherwise involuntarily separated from the Service, except by removal for cause on charges of misconduct or delinquency,
(B) a participant retiring under section 4048 of this title due to a disability, and
(b) Survivor’s annuity; application; proof of eligibility; payment to estate
The annuity to a survivor shall become effective as otherwise specified but shall not be paid until the survivor submits an application for such annuity, supported by such proof of eligibility as the Secretary of State may require. If such application or proof of eligibility is not submitted during the lifetime of an otherwise eligible individual, no annuity shall be due or payable to his or her estate.
An individual entitled to annuity from the Fund may decline to accept all or any part of the annuity by submitting a signed waiver to the Secretary of State. The waiver may be revoked in writing at any time. Payment of the annuity waived may not be made for the period during which the waiver was in effect.
(d) Recovery of overpayment
Recovery of overpayments under this part may not be made from an individual when, in the judgment of the Secretary of State, the individual is without fault and recovery would be against equity and good conscience or administratively infeasible.
(e) Alternate forms of annuities
(1) The Secretary of State shall prescribe regulations under which any participant who has a life-threatening affliction or other critical medical condition may, at the time of retiring under this part (other than under section 4048 of this title), elect annuity benefits under this section instead of any other benefits under this part (including survivor benefits) based on the service of the participant.
(2) Subject to paragraph (3), the Secretary of State shall by regulation provide for such alternative forms of annuities as the Secretary considers appropriate, except that among the alternatives offered shall be—
(A) an alternative which provides for—
(B) in the case of a participant who is married at the time of retirement, an alternative which provides for—
(3) Each alternative provided for under paragraph (2) shall, to the extent practicable, be designed such that the total value of the benefits provided under such alternative (including any lump-sum credit) is actuarially equivalent to the value of the annuity which would otherwise be provided the participant under this part, as computed under section 4046 (a) of this title.
(4) A participant who, at the time of retiring under this part—
(A) is married, shall be ineligible to make an election under this section unless a waiver is made under section 4046 (b)(1)(B) of this title; or
(5) A participant who is married at the time of retiring under this part and who makes an election under this section may, during the 18-month period beginning on the date of retirement, make the election provided for under section 4046 (n) of this title, subject to the deposit requirement thereunder.
Source(Pub. L. 96–465, title I, § 807,Oct. 17, 1980, 94 Stat. 2109; Ex. Ord. No. 12446, § 3(a), Oct. 17, 1983, 48 F.R. 48443; Pub. L. 99–335, title IV, §§ 402(a)(2), 408,June 6, 1986, 100 Stat. 609, 612; Pub. L. 103–66, title XI, § 11002(b),Aug. 10, 1993, 107 Stat. 409.)
1993—Subsec. (e)(1). Pub. L. 103–66substituted “any participant who has a life-threatening affliction or other critical medical condition” for “a participant”.
1986—Subsec. (d). Pub. L. 99–335, § 402(a)(2), substituted “part” for “subchapter”.
Subsec. (e). Pub. L. 99–335, § 408, added subsec. (e).
1983—Subsec. (a). Ex. Ord. No. 12446 amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “Except as otherwise provided, the annuity of a former participant who has met the eligibility requirements for an annuity shall commence on the day after separation from the Service or on the day after pay ceases. The annuity of a former participant who is entitled to a deferred annuity under this chapter shall become effective on the day he or she attains age 60.”
Effective Date of 1993 Amendment
Amendment by Pub. L. 103–66effective Oct. 1, 1994, and applicable with respect to any annuity commencing on or after that date, see section 11002(d) ofPub. L. 103–66, set out as a note under section 8343a of Title 5, Government Organization and Employees.
Effective Date of 1986 Amendment
Amendment by Pub. L. 99–335effective Jan. 1, 1987, see section 702(a) ofPub. L. 99–335, set out as an Effective Date note under section 8401 of Title 5, Government Organization and Employees.
Effective Date of 1983 Amendment
Amendment by Ex. Ord. No. 12446 effective 30 days after Oct. 17, 1983, see section 3(b) of Ex. Ord. No. 12446, set out under section 4067 of this title.
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