---
kind: "section"
citation: "5 C.F.R. § 848.703"
title: "5"
number: "848.703"
heading: "Lump-sum credit."
url: "https://uscodex.org/cfr/5/848.703"
---

# §848.703. Lump-sum credit.


If an individual performs phased employment, the lump-sum credit as defined in [5 U.S.C. 8401(19)](/usc/5/8401.md?p=19) will be reduced by any annuity that is paid or accrued during phased employment.


## Notes

### Authority

Authority: 5 U.S.C. 8461; 5 U.S.C. 8412a.

### Source

Source: 79 FR 46632, Aug. 8, 2014, unless otherwise noted.