22 C.F.R. § 19.10-1

Current through September 30, 2024
Section 19.10-1 - Full annuity

If a participant retires and does not provide a survivor annuity to a spouse, former spouse or designated beneficiary, the participant receives a "full" annuity. A full annuity means an annuity computed without any survivorship reduction. Example: Average salary $20,000 and maximum of 35 years of service.

Average basic annual salary for high 3 consecutive years of service$20,000
Multiplied by 2 pct.02
$400.00
Multiplied by 35 years of creditable service.35
Full annuity$14,000

22 C.F.R. § 19.10-1