Immediate voluntary retirement—basic age and service requirements.

CFR · 2024-01-01 · US · Title 5

(a) An employee or Member who separates from service is entitled to an annuity— (1) Except as provided in paragraph (d) of this section, after attaining the minimum retirement age and completing 10 years of service; or (2) After becoming age 60 and completing 20 years of service; or (3) After becoming age 62 and completing 5 years of service. (b)(1) Except as provided in paragraph (b)(2) or (c) of this section, an annuity payable under paragraph (a) of (2) An annuity payable under paragraph (a) of this section commences on the day after separation, if that separation occurs upon the expiration of a term (or other period) for which the individual was appointed or elected. (c)(1) An employee or Member entitled to an annuity under paragraph (a)(1) of this section may elect to postpone the commencing date of that annuity, provided the individual— (i) Has completed less than 30 years of service; and (ii) Is not entitled to an immediate annuity under any other provision of this subpart. An immediate annuity means an annuity that will begin within 31 days of separation. (2) A postponed commencing date may not precede the later of— (i) The first day of the month after the date of separation of the employee or Member; or (ii) The 31st day after the date of filing the election of a commencing date. (3) A postponed commencing date must be no later than the second day before the employee's 62nd birthday. (4) The election of a commencing date may be filed not more than 90 days before the

official document · source cfr-2024 · id 5:§ 842.204