§ 837.504 Redetermined annuity

5 CFR 837.504(a)(a) Title requirements.

5 CFR 837.504(a)(1)(1) A reemployed annuitant is entitled, on separation, or conversion to intermittent service, to a redetermined annuity if—

5 CFR 837.504(a)(1)(i)(i) The annuitant performed—

5 CFR 837.504(a)(1)(i)(A)(A) At least 5 years of actual, continuous, full-time service;

5 CFR 837.504(a)(1)(i)(B)(B) Actual, continuous part-time service equivalent to 5 years of actual full-time service, or;

5 CFR 837.504(a)(1)(i)(C)(C) A combination of part-time and full-time actual, continuous service that is equivalent to 5 years of actual full-time service.

5 CFR 837.504(a)(1)(ii)(A)(ii)(A) The annuity was not terminated or suspended during reemployment; and

5 CFR 837.504(a)(1)(ii)(B)(B) The pay during reemployment was subject to offset by the amount of annuity allocable to the period of reemployment; or

5 CFR 837.504(a)(1)(ii)(C)(C) The reemployed annuitant separated from an interim appointment made under the provisions of § 772.102 of this chapter.

5 CFR 837.504(a)(1)(iii)(iii) Retirement deductions are withheld, or a deposit is paid, for the entire period of continuous reemployment service immediately preceding the most recent separation from reemployment service; and

5 CFR 837.504(a)(1)(iv)(iv) The reemployed annuitant elects the redetermined annuity in lieu of his or her prior annuity and the supplemental annuity that would be payable under § 837.503 of this subpart.

5 CFR 837.504(a)(2)(2) An employee whose annuity was terminated under the provisions of § 837.202(b)(1)(iii) of this part, and who has not elected FERS coverage, is entitled to a redetermined annuity on separation.

5 CFR 837.504(b)(b) Computation.

5 CFR 837.504(b)(1)(1) A redetermined annuity is computed using all the reemployed annuitant's creditable service, under the provisions of law in effect governing the payment of CSRS and/or FERS annuities, as may be applicable, at the time of separation from reemployment service, or conversion to intermittent status.

5 CFR 837.504(b)(2)(2) The amount of the redetermined annuity of an individual whose previous annuity was terminated under the provisions of § 837.202(b)(1)(iii) of this part will at least equal the amount of the terminated annuity plus any increases under section 8340 of title 5, United States Code, occurring after the termination of the previous annuity and before the commencement of the redetermined annuity, adjusted by any annuity increase or reduction resulting from additional or different elections made by the reemployed annuitant.

5 CFR 837.504(c)(c) Commencing date. The commencing date of the redetermined annuity is the same as the law and/or regulations would provide in the case of a retiring employee.