Election by a retiree who retired before May 7, 1985, to provide a former spouse annuity.

CFR · 2024-01-01 · US · Title 5

(a) A retiree who retired before May 7, 1985, including a retiree receiving a fully reduced annuity to provide a current spouse annuity, may elect a fully reduced annuity or a partially reduced annuity to provide a former spouse annuity. (b) The election should be made by letter addressed to OPM. The election must— (1) Be in writing; and (2) Agree to pay any deposit due under paragraph (c) of this section; and (3) Be signed by the retiree; and (4) Be filed with OPM before September 8, 1987. (c)(1)(i) If a retiree who is receiving an insurable interest annuity elects a fully reduced annuity or a partially reduced annuity under this section to benefit the same person, the insurable interest annuity terminates. A retiree who is receiving an insurable interest annuity at the time that an annuity is elected under this section does not owe any further deposit. (ii) If a retiree who had been receiving an insurable interest annuity, which was terminated to elect a reduced annuity to provide a current spouse annuity for a spouse acquired after retirement, elects to provide a former spouse annuity for a former spouse who was the beneficiary of the insurable interest annuity, the retiree must deposit an amount equal to the sum of the monthly differences between the self-only annuity and a fully reduced annuity or partially reduced annuity (with the same base as elected to provide the former spouse annuity) from the date the insurable interest annuity terminated, plus 6 percent annual in

official document · source cfr-2024 · id 5:§ 831.682