5 USC 8463: Rate of benefits
Text contains those laws in effect on May 1, 2024
From Title 5-GOVERNMENT ORGANIZATION AND EMPLOYEESPART III-EMPLOYEESSubpart G-Insurance and AnnuitiesCHAPTER 84-FEDERAL EMPLOYEES' RETIREMENT SYSTEMSUBCHAPTER VI-GENERAL AND ADMINISTRATIVE PROVISIONS
Jump To: Source Credit
§8463. Rate of benefits
Each annuity payable from the Fund is stated as an annual amount, one-twelfth of which, rounded to the next lower dollar, constitutes the monthly rate payable on the first business day of the first month beginning after the month for which it has accrued.
(Added