5 C.F.R. § 831.1743

Current through September 30, 2024
Section 831.1743 - Cost-of-living adjustments
(a) The phased retirement annuity under § 831.1741 is increased by cost-of-living adjustments in accordance with 5 U.S.C. 8340 .
(b) A composite retirement annuity under § 831.1742 is increased by cost-of-living adjustments in accordance with 5 U.S.C. 8340 , except that 5 U.S.C. 8340(c)(1) does not apply.
(c)
(1) For the purpose of computing the amount of phased retirement annuity used in the computation under § 831.1742(a)(1) , the initial cost-of-living adjustment applied is prorated in accordance with 5 U.S.C. 8340(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 is applied to increase the phased retirement annuity used in the computation under § 831.1742(a)(1) .
(d)
(1) For the purpose of computing the actuarial reduction used in the computation under § 831.1742(d)(1) , the initial cost-of-living adjustment applied is prorated in accordance with 5 U.S.C. 8340(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 is applied to increase the actuarial reduction used in the computation under § 831.1742(d)(1) .
(3) When applying each cost-of-living adjustment to the actuarial reduction used in the computation under § 831.1742(d)(1) , the actuarial reduction is rounded up to the next highest dollar.

5 C.F.R. §831.1743