§ 841.702 Definitions

5 CFR 841.702In this subpart—

5 CFR 841.702 (definition of "Annuity supplement")Annuity supplement means the benefit under subpart E of part 842 of this chapter. An annuity supplement is only payable to retirees.

5 CFR 841.702 (definition of "Basic annuity")Basic annuity means the benefits computed under subpart D of part 842 of this chapter and payable to retirees.

5 CFR 841.702 (definition of "Basic employee death benefit")Basic employee death benefit means the basic employee death benefit as defined in § 843.102 of this chapter.

5 CFR 841.702 (definition of "Beneficiary of insurable interest annuity")Beneficiary of insurable interest annuity means a person receiving a recurring benefit under FERS that is payable (after the employee's, Members, or retiree's death) to a person designated to receive such an annuity under § 842.605 of this chapter.

5 CFR 841.702 (definition of "COLA")COLA means a cost-of-living adjustment.

5 CFR 841.702 (definition of "Combined CSRS/FERS annuity")Combined CSRS/FERS annuity means the recurring benefit with a CSRS component and a FERS component. A “combined CSRS/FERS annuity” is only payable to a retiree who as an employee elected to transfer to FERS under part 846 of this chapter, who at the time of transfer had at least 5 years of service creditable under CSRS (excluding service that was subject to both social security and partial CSRS deductions), and who was covered by FERS for at least 1 month.

5 CFR 841.702 (definition of "CSRS")CSRS means the Civil Service Retirement System as described in subchapter III of chapter 83 of title 5, United States Code.

5 CFR 841.702 (definition of "CSRS component")CSRS component means the portion of a combined CSRS/FERS annuity that is computed under CSRS rules.

5 CFR 841.702 (definition of "Current spouse annuity")Current spouse annuity means a current spouse annuity as defined in § 842.602 of this chapter.

5 CFR 841.702 (definition of "Disability retiree")Disability retiree means a retiree who retired under part 844 of this chapter.

5 CFR 841.702 (definition of "Effective date")Effective date means the date annuities increased by a COLA begin to accrue at the higher rate.

5 CFR 841.702 (definition of "FERS")FERS means the Federal Employees Retirement System as defined in chapter 84 of title 5, United States Code.

5 CFR 841.702 (definition of "FERS component")FERS component means the portion of a combined CSRS/FERS annuity computed under FERS rules.

5 CFR 841.702 (definition of "Former spouse annuity")Former spouse annuity means a former spouse annuity as defined in § 842.602 of this chapter.

5 CFR 841.702 (definition of "Initial monthly rate")Initial monthly rate means the monthly annuity rate that a retiree (other than a disability retiree) is entitled to receive at the time of retirement (as defined in § 842.602 of this chapter).

5 CFR 841.702 (definition of "Percentage change")Percentage change means the percent change in the price index as defined in section 8462(a)(2) of title 5, United States Code.

5 CFR 841.702 (definition of "Retiree")Retiree means a retiree as defined in § 842.602 of this chapter.

5 CFR 841.702 (definition of "Survivor")Survivor means a person receiving a current spouse annuity or a former spouse annuity, or the beneficiary of an insurable interest annuity. As used in this subpart, “survivor” does not include a child annuitant.

5 CFR 841.702 (definition of "Survivor supplement")Survivor supplement means the recurring benefit payable to a survivor under § 843.308 of this chapter.