50 U.S.C. § 2055

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 2055 - Mandatory retirement

(a) Involuntary retirement

(1) AUTHORITY OF DIRECTOR.-The Director may, in the Director's discretion, place in a retired status any participant in the system described in paragraph (2).

(2) Paragraph (1) applies with respect to any participant who has not less than 10 years of service with the Agency and who-

(A) has completed at least 25 years of service; or

(B) is at least 50 years of age and has completed at least 20 years of service.

(b) Mandatory retirement for age

(1) In general

A participant in the system shall be automatically retired from the Agency-

(A) upon reaching age 65, in the case of a participant in the system who is at the Senior Intelligence Service rank of level 4 or above; and

(B) upon reaching age 60, in the case of any other participant in the system.

(2) Effective date of retirement

Retirement under paragraph (1) shall be effective on the last day of the month in which the participant reaches the age applicable to that participant under that paragraph.

(3) Authority for extension

In any case in which the Director determines it to be in the public interest, the Director may extend the mandatory retirement date for a participant under this subsection by a period of not to exceed 5 years.

(c) Retirement benefits

A participant retired under this section shall receive retirement benefits in accordance with section 2031 of this title.

50 U.S.C. § 2055

Pub. L. 88-643, title II, §235, as added Pub. L. 102-496, §802, 106 Stat. 3225; amended Pub. L. 111-259, §201, 124 Stat. 2657.

EDITORIAL NOTES

PRIOR PROVISIONSA prior section 235 of Pub. L. 88-643, title II, Oct. 13, 1964, 78 Stat. 1049; Ex. Ord. No. 12443, §13, Sept. 27, 1983, 48 F.R. 44754; Pub. L. 99-335, title V, §501(2), June 6, 1986, 100 Stat. 622; Pub. L. 102-183, §307, 105 Stat. 1265, related to mandatory retirement and was set out as a note under section 403 of this title prior to the general amendment of Pub. L. 88-643 by section 802 of Pub. L. 102-496.

AMENDMENTS2010-Subsec. (b)(1)(A). Pub. L. 111-259 substituted "who is at the Senior Intelligence Service rank" for "receiving compensation under the Senior Intelligence Service pay schedule at the rate".

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective on first day of fourth month beginning after Oct. 24, 1992, see section 805 of Pub. L. 102-496, set out as a note under section 2001 of this title.