Current through October 31, 2024
Section 842.404 - Reductions in basic annuityThe 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.