§ 842.502 Definitions

5 CFR 842.502In this subpart—

5 CFR 842.502 (definition of "Age 62")Age 62 means the day before an individual's sixty-second birthday.

5 CFR 842.502 (definition of "Annuity Supplement")Annuity Supplement means the monthly benefit described in § 842.504. Applicable exempt amount and earnings have the same meanings as in section 203 of the Social Security Act.

5 CFR 842.502 (definition of "Excess earnings")Excess earnings means 50 percent of an individual's earnings which exceed the applicable exempt amount during a calendar year or, if less, an amount equal to the total annuity supplement paid to the individual in that year, but does not include earnings prior to an individual's attainment of the minimum retirement age.

5 CFR 842.502 (definition of "FERS")FERS means chapter 84 of title 5, United States Code.

5 CFR 842.502 (definition of "Minimum retirement age")Minimum retirement age has the same meaning as in § 842.202.

5 CFR 842.502 (definition of "Test year")Test year means the calendar year immediately before the one in which any reductions required by 5 U.S.C. 8421a and § 842.505 are applied.