[Code of Federal Regulations] [Title 5, Volume 2] [Revised as of January 1, 2003] From the U.S. Government Printing Office via GPO Access [CITE: 5CFR842.403] [Page 296] TITLE 5--ADMINISTRATIVE PERSONNEL CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED) PART 842--FEDERAL EMPLOYEES RETIREMENT SYSTEM--BASIC ANNUITY--Table of Contents Subpart D--Computations Sec. 842.403 Compution of basic annuity. (a) Except as provided in paragraph (b) of this section and Secs. 842.405 and 842.406, the annuity of an employee or Member is 1 percent of average pay multiplied by total service. (b) The annuity of an employee is 1.1 percent of average pay multiplied by total service, provided the individual-- (1) Has completed 20 years of service; and (2) At the time of separation on which entitlement to an annuity is based-- (i) Is at least age 62; and (ii) Is not a Member, Congressional employee, military reserve technician, law enforcement officer, firefighter, or air traffic controller.