[Code of Federal Regulations]
[Title 5, Volume 2, Parts 700 to 1199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR842.403]

[Page 280]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 842--FEDERAL EMPLOYEES RETIREMENT SYSTEM--BASIC ANNUITY--Table of Contents
 
                         Subpart D--Computations
 
Sec. 842.403  Compution of basic annuity.

    (a) Except as provided in paragraph (b) of this section and 
Secs. 842.405 and 842.406, the annuity of an employee or Member is 1 
percent of average pay multiplied by total service.
    (b) The annuity of an employee is 1.1 percent of average pay 
multiplied by total service, provided the individual--
    (1) Has completed 20 years of service; and
    (2) At the time of separation on which entitlement to an annuity is 
based--
    (i) Is at least age 62; and
    (ii) Is not a Member, Congressional employee, military reserve 
technician, law enforcement officer, firefighter, or air traffic 
controller.