ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

50 U.S.C. § 2055 — Mandatory retirement

submitted 34 years ago by Pub. L. 88-643 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 239 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Director may retire eligible participants, and participants must retire at specified ages unless the Director extends the date for up to five years in the public interest. Retired participants receive section 2031 benefits.

(a)(1) The Director may, in the Director’s discretion, place in retired status any participant described in paragraph (2). (2) This applies to a participant with at least 10 years of Agency service who either: (A) has at least 25 years of service; or (B) is at least 50 and has at least 20 years of service. (b)(1) A participant is automatically retired: (A) at age 65 if the participant is Senior Intelligence Service level 4 or higher; or (B) at age 60 for any other participant. (2) Retirement takes effect on the last day of the month in which the participant reaches the applicable age. (3) If the Director finds it in the public interest, the Director may extend the mandatory retirement date by no more than five years. (c) A participant retired under this section receives benefits under section 2031.

the actual law source: uscode.house.gov ↗public domain
(a) Involuntary retirement
(1)Authority of director.—

The Director may, in the Director’s discretion, place in a retired status any participant in the system described in paragraph (2).

(2)

Paragraph (1) applies with respect to any participant who has not less than 10 years of service with the Agency and who—

(A)

has completed at least 25 years of service; or

(B)

is at least 50 years of age and has completed at least 20 years of service.

(b) Mandatory retirement for age
(1) In general

A participant in the system shall be automatically retired from the Agency—

(A)

upon reaching age 65, in the case of a participant in the system who is at the Senior Intelligence Service rank of level 4 or above; and

(B)

upon reaching age 60, in the case of any other participant in the system.

(2) Effective date of retirement

Retirement under paragraph (1) shall be effective on the last day of the month in which the participant reaches the age applicable to that participant under that paragraph.

(3) Authority for extension

In any case in which the Director determines it to be in the public interest, the Director may extend the mandatory retirement date for a participant under this subsection by a period of not to exceed 5 years.

(c) Retirement benefits

A participant retired under this section shall receive retirement benefits in accordance with section 2031 of this title.

Source credit: (Pub. L. 88–643, title II, § 235, as added Pub. L. 102–496, title VIII, § 802, Oct. 24, 1992, 106 Stat. 3225; amended Pub. L. 111–259, title II, § 201, Oct. 7, 2010, 124 Stat. 2657.)

history & why it existsrecord from the source credit
  • 1992Enacted · Pub. L. 88-643 · 106 Stat. 3225
  • 2010Amended · Pub. L. 111-259 · 124 Stat. 2657

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

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case