[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR842.403]

[Page 295]
 
                    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 
Sec. Sec. 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.