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22 U.S.C. § 4051Voluntary retirement

submitted 46 years ago by Pub. L. 96-465 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 243 words · no verdicts yet

in plain englishAI-generated · not legal advice

A participant who is at least 50 and has enough qualifying service may apply, with the Secretary's consent, to retire. A participant who leaves before five years may instead qualify for a Civil Service annuity if all required contributions and interest are transferred to the Civil Service fund.

A participant who is at least 50 years old and has 20 years of creditable service, including at least 5 years of System service credit that does not include military or naval service, may apply to retire with the Secretary's consent and receive benefits under section 4046. The Secretary must withhold consent if the participant has not been a Service member for 5 years. A participant who voluntarily leaves before completing 5 years in the System may receive an annuity under section 8336 or 8338 of title 5 if, on the separation date, the participant would have qualified for that annuity based on voluntary separation while covered by the Civil Service Retirement System. Section 8333(b) does not prevent this. To receive it, all contributions transferred to the Fund under section 4045(c)(1), all contributions withheld from the participant's pay or made by the employer and deposited in the Fund during the covered period, and the interest on those amounts, must be transferred to the Civil Service Retirement and Disability Fund effective on the separation date.
the actual law source: uscode.house.gov ↗public domain

Any participant who is at least 50 years of age and has 20 years of creditable service, including at least 5 years of service credit toward retirement under the System (excluding military and naval service), may on his or her own application and with the consent of the Secretary be retired from the Service and receive retirement benefits in accordance with section 4046 of this title. The Secretary shall withhold consent for retirement under this section by any participant who has not been a member of the Service for 5 years. Any participant who voluntarily separates from the Service before completing 5 years in the System and who, on the date of separation, would be eligible for an annuity, based on a voluntary separation, under section 8336 or 8338 of title 5, if the participant had been covered under the Civil Service Retirement System rather than subject to this subchapter while a member of the Service, may receive an annuity under section 8336 or 8338, notwithstanding section 8333(b) of title 5, if all contributions transferred to the Fund under section 4045(c)(1) of this title, as well as all contributions withheld from the participant’s pay or contributed by the employer, and deposited into the Fund during the period he or she was subject to this subchapter, including interest on these amounts, are transferred to the Civil Service Retirement and Disability Fund effective on the date the participant separates from the Service.

Source credit: (Pub. L. 96–465, title I, § 811, Oct. 17, 1980, 94 Stat. 2112; Pub. L. 100–238, title II, § 216, Jan. 8, 1988, 101 Stat. 1774.)

history & why it existsrecord from the source credit
  • 1980Enacted · Pub. L. 96-465 · 94 Stat. 2112
  • 1988Amended · Pub. L. 100-238 · 101 Stat. 1774

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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