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50 U.S.C. § 2053 — Voluntary retirement

submitted 34 years ago by Pub. L. 88-643 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 150 words · no verdicts yet

in plain englishAI-generated · not legal advice

A participant may retire voluntarily after meeting age and service rules. A participant with at least 25 years of service may retire at any age if the required Agency service and federal retirement authorization conditions are met.

(a) A participant who is at least 50 and has 20 years of service may apply to retire with the Director’s consent and receive section 2031 benefits if at least 10 years of service were with the Agency. (b) A participant with at least 25 years of service, including 10 Agency years, may retire at any age with the Director’s consent and receive section 2031 benefits if the Office of Personnel Management has authorized voluntary separation for Agency employees under section 8336(d)(2) of title 5 for the Civil Service Retirement System or section 8414(b)(1)(B) for the Federal Employees’ Retirement System.

the actual law source: uscode.house.gov ↗public domain
(a)

A participant who is at least 50 years of age and has completed 20 years of service may, on the participant’s application and with the consent of the Director, be retired from the Agency and receive benefits in accordance with the provisions of section 2031 of this title if the participant has not less than 10 years of service with the Agency.

(b)

A participant who has at least 25 years of service, ten years of which are with the Agency, may retire, with the consent of the Director, at any age and receive benefits in accordance with the provisions of section 2031 of this title if the Office of Personnel Management has authorized separation from service voluntarily for Agency employees under section 8336(d)(2) of title 5 with respect to the Civil Service Retirement System or section 8414(b)(1)(B) of such title with respect to the Federal Employees’ Retirement System.

Source credit: (Pub. L. 88–643, title II, § 233, as added Pub. L. 102–496, title VIII, § 802, Oct. 24, 1992, 106 Stat. 3225; amended Pub. L. 103–36, § 3, June 8, 1993, 107 Stat. 106.)

history & why it existsrecord from the source credit
  • 1992Enacted · Pub. L. 88-643 · 106 Stat. 3225
  • 1993Amended · Pub. L. 103-36 · 107 Stat. 106

A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-643 on 1992-10-24.

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