Offset from supplemental annuity.

CFR · 2024-01-01 · US · Title 5

(a) OPM will reduce the supplemental annuity of an individual who has performed CSRS-Offset 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 first day of the month during which the reemployed annuitant— (1) Is entitled to a supplemental annuity under this part; 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 referred to in paragraph (b) of this section, excluding all CSRS-Offset wages as a reemployed annuitant, and assuming the annuitant was fully insured (as defined by section 214(a) of the Social Security Act); or (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 CSRS-Offset service as a reemployed annuitant, rounded to the nearest whole number of years not exceeding 40 years; and (B) The denominator of which is 40. (d) C

official document · source cfr-2024 · id 5:§ 837.701