§847.903. How is the monthly reduction to the retirement annuity computed?
5 C.F.R. § 847.903
The reduction equals—
The difference in the present value of the immediate annuity with credit for NAFI service and the deferred annuity without credit for NAFI service, divided by
The present value factor for the retiree's attained age (in full years) at the time of retirement.
The reduction computed in paragraph (a) of this section is rounded to the next higher dollar.
Notes, amendments, and revision history
Source
Source: 68 FR 2181, Jan. 16, 2003, unless otherwise noted.
Authority
Authority: 5 U.S.C. 8332(b)(17) and 8411(b)(6) and sections 1131 and 1132 of Pub. L. 107-107, December 28, 2001, 115 Stat 1242; 5 U.S.C. 8347(a) and 8461(g) and section 1043(b) of Pub. L. 104-106, Div. A, Title X, Feb. 10, 1996, 110 Stat. 434. Subpart B also issued under 5 U.S.C. 8347(q) and 8461(n).
Source
Source: 61 FR 41721, Aug. 9, 1996, unless otherwise noted.