Evening star., 1948-04-04

cause after service of not less than
25 years, an immediate annuity Is
payable regardless Of age, but II the
employe is under age so, the an
nuity is reduced 3 per cent for each
year under this age If an employe
is disabled after service of five civil
ian years, an immediate full an
nuity is payable regardless Of age
for the duration of the disability
In recovery cases, annuities are
resumed at age 81.
| HOW ANNUITIES ARE fig
URED-Annuities are determined by
one of the two formulas below, &C
cording to the highest average sal
ary received over 5 consecutive
years, but In no case to exceed &c
per cent of such salary.
% $25 increased by per cent OF
Salary not exceeding $1,000, when
averaged over five consecutive years
times years of service; or (2) IL
per cent of salary when the aver
age salary over a period of S years
exceeds $1,000, times years of serv-
ice. Annuities so determined are
reduced by 10 per cent OF any
amount that may be owed since
August /, 1920, during which times
deductions were not withheld.
SURVIYORSHIP INSURANCE -
Widows of employees dying in serv-
ice will receive annuities equal to
one-half the annuities their hus-
bands would have received on re-
tirement based on the salary and
service rendered by them at the
time of death. These annu1ties
are payable Cd Immediately if there
Is at least one unmarried child
under age 1s, or (2) upon attain
ment of age so IT there are no
minor children and will be discon-
tinued only on death or renlar-
riage. 1t Is required that the en-
ploye must have rendered 5 years
of service and married at least two
years prior to his death unless
there are children OF that marriage
Z. "A widow of an an1uitant without
minor chfdren Is. eligible for one
half the full annuity payablefto her
husband, based on his salary ano
service, only If he had elected al
the time of his retirement to share
lit with her by taking reduced
annuity. The reduction Is 10 pei
cent plus ree-fourths Of pei
cent for each full year (maximun
of Is per cent? the wife Is under
age so at the time OF his retire.
ment. The widow of an annuitant
who failed at the time Of retire.
ment to elect a reduced annuity IL
ineligible for an annuity except
where there are minor children anc
then only until she is so years o.
age.
Orphans receive one-half tn.
widows annuity with a maximum
of $50 per month or $75 per month
where there are three or more chill
dren. Where both father anc
mother are deceased. the orphan.
benefits are doubled. subject to q
maximum of $40 per month foi
each orphan or 500 per month
where there are three or more such
orphans.
MISCELLANEOUS-At least five
years of civilian service is required
before rights to q deferred annuity
can be obtained However, a. re-
fund of salary deductions, II de-
sired, will be made to an employe
who becomes separated after March
1948, If his civilian service Is less
than 20 years. Annuity rights, how
ever, are forfeited in such cases but
will be restored If persons involved
are re-employed and return the
money refunded with interest dat.
ing from the time Of re-employ-
ment.
Annuitants retired prior to April
/, 1913, receive an increase In their
annuities of Is per cent not te
exceed $500. In lieu of the increase
a spouse may be designated to re.
ceive so per cent of the annuity
not to. exceed $500 per annum.
Employees who left the service
before April /. 1948, with rights te
an annuity on attainment of age
81, retain these rights and will re.
ceive annuities under the law at the
time of separation.
Employees will contribute 8 pei
cent OF salary beginning In July
ls48,