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22 U.S.C. § 4050 — Discontinued service retirement

submitted 46 years ago by Pub. L. 96-465 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 90 words · no verdicts yet

in plain englishAI-generated · not legal advice

A participant who voluntarily leaves the Foreign Service after at least five years of qualifying civilian service may choose a refund of contributions or a later annuity. The annuity begins at age 60 and is calculated under section 4046.

A participant who voluntarily leaves the Service after obtaining at least 5 years of service credit toward retirement, not counting military or naval service, may choose either option. Upon separation, or at any time before becoming eligible for an annuity, the participant may have the contributions returned under section 4055, or may leave the contributions in the Fund and receive an annuity calculated under section 4046 beginning at age 60.
the actual law source: uscode.house.gov ↗public domain

Any participant who voluntarily separates from the Service after obtaining at least 5 years of service credit toward retirement under the System (excluding military and naval service) may upon separation from the Service or at any time prior to becoming eligible for an annuity elect to have his or her contributions to the Fund returned in accordance with section 4055 of this title, or to leave his or her contributions in the Fund and receive an annuity, computed under section 4046 of this title, commencing at age 60.

Source credit: (Pub. L. 96–465, title I, § 810, Oct. 17, 1980, 94 Stat. 2112.)

history & why it existsrecord from the source credit
  • 1980Enacted · Pub. L. 96-465 · 94 Stat. 2112

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-465 on 1980-10-17.

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