Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02

when the employees earned
Iannuity is lower than that
minimum. In such a case, the
reductions are applicable only
to the annuity earned" by the
Iemploye's might've" average
salary and actual length of
service. and not to the amount
added to bring the annuity up
to the guaranteed minimum.
The survivor annuity will be so
Iper cent of the employees
learned" annuity rather than so
Iper cent of his guaranteed
minimum disability annuity.
@. At retirement, may I name
my wife or husband to receive
only a partial survival annuity?
A. Yes. For example, a retir-
ling employe who is entitled to
Ian annuity of $4,000 a year can
name the wife or husband to
receive a survivor annuity based
on only $4,000 Of the employees
ANNUITY. Then the employees an
nuity will be reduced by only
21a per cent of the $4,000 and
there will be no reduction on
the difference between $4,000
and $4,000 of the employees an
Inuity. OF course. the survivor
annuity in such a case would be
so per cent of the $4,000 rather
than so per cent of $4,000.
@. If 1 elect a reduced annu-
ity in order to provide a Survi-
vor benefit to my wife or hus-
band and my wife or husband
dies before l do, will my annu-
ity be increased?
A. No.
@. If I then remarry, may 1
name a new survivor?
A. No.
O. II I decide at retirement
not to elect a reduced annuity
with a survivor benefit, will any
annuity be payable to my wife
or husband?
A. No.
Annuity for Children
@. Will any annuity be pay
able to my children in such
event?
A. Yes. Children will be en-
titled to annuity as explained
above, regardless of whether or
not the employe took a reduced
annuity with survivor benefit.
@. I have more than five
years civilian service. If I re-
sign before l am eligible to
retire. what happens to my re-
tirement deductions?
A. An employe who has at
least five years civilian service,
and Is separated before he is
eligible to retire, may receive a
refund of all his retirement
deductions. or he may leave
them in the fund until he is
age 81, when he will receive a
deferred" annuity.
@. If I leave my deductions
in the fund and am eligible to
receive a deferred annuity, may
I, when I reach age So. name
my wife or husband to receive
survivor benefits at my death?
A. Yes. at the time the en-
ploye files for his annuity. If
death occurs before the claim
is filed at age g., no survivor
annuity is payable. Instead, the
amount of the deductions is paid
as a lump sum.
@. If l leave the service and
leave my money in the fund,
may 1 draw it out at some future
time?
A. Yes. Refund is payable, re-
gardless of length of service,
unless the applicant is. at the
time of separation or at. the time
he files his claim COR within 81
days thereafter) eligible for an
nuity payments.
Interest in Some Cases
@. What interest is payable if
I draw my money out of the
fund?
A. No interest is payable III
cover one year or
less of service. If total civilian
service is more than one but lessi
than five years. interest is pay
able to date of separation. I'll
total civilian service is five or
more years, interest accrual stops
on December 81, 1856. Interest
rates are 4 per cent to December
81, 1947, and 8 per cent there
after.
@. / retired before the effec-
tive date of the new law. Will
my annuity be increased?
A. No.
@. I retired before the etfec-
tive date of the new law. I was
re-employed in the Government
after having reached age 60 and
my salary is now being reduced
by the annuity I receive. Does
this law affect me?
A. Yes. If your unemployment
is full-time and extends at least
one year, your annuity will be
increased upon your separation.
The increase will be computed
under the new formula on the
basis Of the length Of service
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