Offset from nondisability annuity.

CFR · 2024-01-01 · US · Title 5

(a) OPM will reduce the annuity of an individual who has performed Federal service, if the individual is entitled, or on proper application would be entitled, to old-age benefits under title II of the Social Security Act. (b) The reduction required under paragraph (a) of this section is effective on the 1st day of the month during which the employee— (1) Is entitled to an annuity under CSRS; and (2) Is entitled, or on proper application would be entitled, to old-age benefits under title II of the Social Security Act. (c) Subject to paragraphs (d) and (e) of this section, the amount of the reduction required under paragraph (a) of this section is the lesser of— (1) The difference between— (i) The Social Security old-age benefit for the month referred to in paragraph (b) of this section; and (ii) The old-age benefit that would be payable to the individual for the month (2) The product of— (i) The old-age benefit to which the individual is entitled or would, on proper application, be entitled; and (ii) A fraction— (A) The numerator of which is the annuitant's total Federal service, rounded to the nearest whole number of years not exceeding 40 years; and (B) The denominator of which is 40. (d) Cost-of-living adjustments under 5 U.S.C. 8340 occurring after the effective date of the reduction required under paragraph (a) of this section will be based on only the annuity remaining after reduction under this subpart. (e) The amounts for paragraphs (c)(1)(i), (c)(1)(ii), and (c)(2)(i)

official document · source cfr-2024 · id 5:§ 831.1005