Election at time of retirement of fully reduced annuity to provide a current spouse annuity.

CFR · 2024-01-01 · US · Title 5

(a) A married employee or Member retiring under CSRS will receive a fully reduced annuity to provide a current spouse annuity unless— (1) The employee or Member, with the consent of the current spouse, elects a self-only annuity, a partially reduced annuity, or a fully reduced annuity to provide a former spouse annuity, in accordance with § 831.612(b) or § 831.614; or (2) The employee or Member elects a self-only annuity, a partially reduced annuity or a fully reduced annuity to provide a former spouse annuity, and current spousal consent is waived in accordance with § 831.608. (b) Qualifying court orders that award former spouse annuities prevent payment of current spouse annuities to the extent necessary to comply with the court order and § 831.614. (c) The maximum rate of a current spouse annuity is 55 percent of the rate of the retiring employee's or Member's self-only annuity if the employee or Member is retiring based on a separation from a position under CSRS on or after October 11, 1962. The maximum rate of a current spouse annuity is 50 percent of the rate of the retiring employee's or Member's self-only annuity if the employee or Member is retiring based on a separation from a position covered under CSRS between September 30, 1956, and October 11, 1962. (d)(1) The amount of the reduction to provide a current spouse annuity equals 2 (i) The employee's or Member's separation on which the retirement is based was on or after October 11, 1962; or (ii) The reduction is to

official document · source cfr-2024 · id 5:§ 831.611