[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: 5CFR842.404]

[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. 842.404  Reductions in basic annuity.

    The annuity of an employee or Member retiring under 
Sec. 842.204(a)(1) or Sec. 842.212(b) is reduced by five-twelfths of 1 
percent for each full month by which the commencing date of annuity 
precedes the 62nd birthday of the employee or Member, unless the 
individual--
    (a) Has completed 30 years of service; or
    (b)(1) Has completed 20 years of service; and
    (2) Is at least age 60 on the commencing date of annuity; or
    (c) Has completed 20 years of service as--
    (1) An air traffic controller, except one separated by removal for 
cause on charges of misconduct or delinquency;
    (2) A firefighter and/or law enforcement officer, except one 
separated by removal for cause on charges of misconduct of delinquency; 
or
    (3) A Member, except one separated by resignation or expulsion.