Partial deferred payment of the lump-sum credit if annuity commences after January 3, 1988, and before October 1, 1989.

CFR · 2024-01-01 · US · Title 5

(a) Except as provided in paragraph (c) of this section, if the annuity of an employee or Member commences after January 3, 1988, and before October 1, 1989, the lump-sum credit payable under § 842.705 is payable to the individual, or his or her survivors, according to the following schedule: (1) Sixty percent of the lump-sum credit is payable at the time of retirement, and (2) Forty percent is payable, with interest determined under section 8334(e)(3) of title 5, United States Code, one year after the time of retirement. (b) If an employee or Member whose annuity commences after January 3, (c) An annuitant is exempt from the deferred payment schedule under paragraph (a) of this section if the individual— (1) Separates involuntarily, other than for cause on charges of delinquency or misconduct, or (2) Has, at the time of retirement, a life-threatening affliction or other critical medical condition. (3)(i) For the purpose of this section, (ii) The existence of one of the following medical conditions is (A) Metastatic and/or inoperable neoplasms. (B) Aortic stenosis (severe). (C) Class IV cardiac disease with congestive heart failure. (D) Respiratory failure. (E) Cor pulmonale with respiratory failure. (F) Emphysema with respiratory failure. (G) [Reserved] (H) Severe cardiomyopathy—Class IV. (I) Aplastic anemia. (J) Uncontrolled hypertension with hypertensive encephalopathy. (K) Cardiac aneurysm not amenable to surgical treatment. (L) Agranulocytosis. (M) Severe hepatic failure

official document · source cfr-2024 · id 5:§ 842.707