Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 5 - Administrative Personnel |
Chapter I - Office of Personnel Management |
SubChapter B - Civil Service Regulations |
Part 842 - Federal Employees Retirement System - Basic Annuity |
Subpart D - Computations |
§ 842.406 - Members of Congress and Congressional employees.
-
§ 842.406 Members of Congress and Congressional employees.
an(a) The annuity of
ba congressional employee or Member who is first covered by FERS on or before December 31, 2012, and who has had at least 5 years of service as a congressional employee, Member, or any combination thereof totaling 5 years is—
a(
:1) One and seven-tenths percent of average pay multiplied by the total number of years of service as a Member and/or congressional employee not exceeding 20 years
; plus
(
2) One percent of average pay multiplied by the years of service other than that of a Member and/or congressional employee.
(b) Except as provided in paragraph (c) of this section, the annuity of a congressional employee or Member who is first covered by FERS after December 31, 2012, or Member re-elected with less than 5 years of FERS service after December 31, 2012, and who has had at least 5 years of service as a congressional employee, Member, or any combination thereof totaling 5 years is 1 percent of average pay multiplied by total service.
(c) The annuity of a congressional employee or Member is 1.1 percent of average pay multiplied by total service, provided the congressional employee or Member—
(1) Has completed 20 years of service; and
(2) Is at least age 62 at the time of separation on which entitlement to an annuity is based.
[88 FR 31469, May 17, 2023]