50 USC 2093 - Payment of benefits

U.S Code last checked for updates: May 19, 2024

§ 2093.

Payment of benefits

(a)

Annuities stated as annual amounts

(b)

Commencement of annuity

(1)

Commencement of annuity for participants generally

(2)

Exceptions

The annuity of—

(A)

a participant involuntarily separated from the Agency;

(B)

a participant retiring under section 2051 of this title due to a disability; and

(C)

a participant who serves 3 days or less in the month of retirement;

shall commence on the day after separation from the Agency or the day after pay ceases and the service and age or disability requirements for title to annuity are met.

(3)

Other annuities

(c)

Termination of annuity

An annuity payable from the fund shall terminate—

(1)

in the case of a retired participant, on the day death or any other terminating event provided by this subchapter occurs; or

(2)

in the case of a former spouse or a survivor, on the last day of the month before death or any other terminating event occurs.

(d)

Application for survivor annuities

(e)

Waiver of annuity

(f)

Limitations

(1)

Application before 115th anniversary

(2)

Application within 30 years

(g)

Withholding of State income tax from annuities

(1)

Agreements with States

(2)

Limitation on multiple requests

(3)

Change in State designation

(4)

General provisions

(5)

“State” defined

(Pub. L. 88–643, title II, § 263, as added Pub. L. 102–496, title VIII, § 802, Oct. 24, 1992, 106 Stat. 3235; amended Pub. L. 118–31, div. G, title IX, § 7901(d)(2), Dec. 22, 2023, 137 Stat. 1106.)

cite as: 50 USC 2093