Document ID: chunk:federal_register_of_legislation:C2024C00651:section:22cf
Version: federal_register_of_legislation:C2024C00651
Segment Type: section
Provision Reference: s 22CF
Character Range: 158111–158952

22CF  Commutation of small associate annuity
 (1) If:
 (a) the annual rate of associate immediate annuity that becomes payable to the non‑member spouse is less than the amount determined under the Orders; or
 (b) the annual rate of associate deferred annuity that becomes payable to the non‑member spouse is less than the amount determined under the Orders;
then the non‑member spouse may elect to commute the annuity.
 (2) The election must be made in writing to the Secretary not later than 3 months after the annuity becomes payable.
 (3) If the non‑member spouse makes the election, then the non‑member spouse is entitled instead to:
 (a) if paragraph (1)(a) applies—a lump sum equal to the transfer amount; or
 (b) if paragraph (1)(b) applies—a lump sum calculated under the Orders.

Division 3—Reduction of benefits for member spouse