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Title 5 Part 848 → Subpart E → §848.503

Title 5 → Chapter I → Subchapter B → Part 848 → Subpart E → §848.503

Electronic Code of Federal Regulations e-CFR

Title 5 Part 848 → Subpart E → §848.503

e-CFR data is current as of December 6, 2019

Title 5Chapter ISubchapter BPart 848Subpart E → §848.503


Title 5: Administrative Personnel
PART 848—PHASED RETIREMENT
Subpart E—Computation of Phased Retirement Annuity at Phased Retirement and Composite Retirement Annuity at Full Retirement


§848.503   Cost-of-living adjustments.

(a) The phased retirement annuity under §848.501 is increased by cost-of-living adjustments in accordance with 5 U.S.C. 8462.

(b) A composite retirement annuity under §848.502 is increased by cost-of-living adjustments in accordance with 5 U.S.C. 8462, except that 5 U.S.C. 8462(c)(1) does not apply.

(c)(1) For the purpose of computing the amount of phased retirement annuity used in the computation under §848.502(a)(1), the initial cost-of-living adjustment applied is prorated in accordance with 5 U.S.C. 8462(c)(1).

(2) If the individual enters full retirement status on the same day as the effective date of a cost-of-living adjustment (usually December 1st), that cost-of-living adjustment, if applicable under 5 U.S.C. 8462, is applied to increase the phased retirement annuity used in the computation under §848.502(a)(1).


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