§ 19.10-1 Full annuity.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
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 pct0.02 $400.00 Multiplied by 35 years of creditable service0.35 Full annuity$14,000
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