Computation of basic 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
(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 customs and border protection officer, a Member, Congressional employee, military reserve technician, law enforcement officer, firefighter, nuclear materials courier, or air traffic controller.
[52 FR 4475, Feb. 11, 1987, as amended at 76 FR 42000, July 18, 2011]
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.