§2053 — Title 50 War and National Defense | U.S. Code

Summary

An employee who is at least 50 years old and has 20 years of service can apply to retire if they have at least 10 years with the Agency and if the Director agrees. If approved, they will get the retirement benefits listed in section 2031 of this title. An employee with 25 or more years of service, including at least 10 years with the Agency, can retire at any age if the Director agrees and if the Office of Personnel Management has authorized voluntary separations for Agency employees under section 8336(d)(2) of title 5 (Civil Service Retirement System) or section 8414(b)(1)(B) of title 5 (Federal Employees’ Retirement System). If approved, they will receive benefits under section 2031 of this title.

Title 50, §2053

War and National Defense — Source: USLM XML via OLRC

(a)A participant who is at least 50 years of age and has completed 20 years of service may, on the participant’s application and with the consent of the Director, be retired from the Agency and receive benefits in accordance with the provisions of section 2031 of this title if the participant has not less than 10 years of service with the Agency.

(b)A participant who has at least 25 years of service, ten years of which are with the Agency, may retire, with the consent of the Director, at any age and receive benefits in accordance with the provisions of section 2031 of this title if the Office of Personnel Management has authorized separation from service voluntarily for Agency employees under section 8336(d)(2) of title 5 with respect to the Civil Service Retirement System or section 8414(b)(1)(B) of such title with respect to the Federal Employees’ Retirement System.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 233 of Pub. L. 88–643, title II, Oct. 13, 1964, 78 Stat. 1048, related to voluntary retirement and was set out as a note under section 403 of this title prior to the general amendment of Pub. L. 88–643 by section 802 of Pub. L. 102–496.

Amendments

1993—Pub. L. 103–36 designated existing provisions as subsec. (a) and added subsec. (b).

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on first day of fourth month beginning after Oct. 24, 1992, see section 805 of Pub. L. 102–496, set out as a note under section 2001 of this title.

§2053 Voluntary Retirement