§ 842.404 Reductions in basic annuity

5 CFR 842.404The annuity of an employee or Member retiring under § 842.204(a)(1) or § 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—

5 CFR 842.404(a)(a) Has completed 30 years of service; or

5 CFR 842.404(b)(1)(b)(1) Has completed 20 years of service; and

5 CFR 842.404(b)(2)(2) Is at least age 60 on the commencing date of annuity; or

5 CFR 842.404(c)(c) Has completed 20 years of service as—

5 CFR 842.404(c)(1)(1) An air traffic controller, except one separated by removal for cause on charges of misconduct or delinquency;

5 CFR 842.404(c)(2)(2) A firefighter and/or law enforcement officer, except one separated by removal for cause on charges of misconduct of delinquency; or

5 CFR 842.404(c)(3)(3) A Member, except one separated by resignation or expulsion.