5 CFR 842.403 - Compution of basic annuity.

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Title 5: Administrative Personnel

CHAPTER I: OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)

SUBCHAPTER B: CIVIL SERVICE REGULATIONS (CONTINUED)

PART 842: FEDERAL EMPLOYEES RETIREMENT SYSTEM-BASIC ANNUITY

Subpart D: Computations

842.403 - Compution 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 Member, Congressional employee, military reserve technician, law enforcement officer, firefighter, or air traffic controller.

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