§234.58. Computation of the separation allowance lump-sum payment.
20 C.F.R. § 234.58
The separation allowance lump-sum payment is calculated as follows:
Determine the amount of the compensation due to the receipt of separation or severance pay that could not be considered in the computation of tier II;
Multiply this amount by the rate or rates of tax imposed by section 3201(b) of the Internal Revenue Code of 1954 or 1986 on the compensation (tier II tax); and
The product is the amount of the separation allowance lump-sum payment.
Notes, amendments, and revision history
Source
Source: 56 FR 1573, Jan. 16, 1991, unless otherwise noted.
Authority
Authority: 45 U.S.C. 231f.
Source
Source: 51 FR 3036, Jan. 23, 1986, unless otherwise noted.