50 USC 2113 – Reemployment compensation
(a) Deduction from basic pay
An annuitant who has retired under this subchapter and who is reemployed in the Federal Government service in any appointive position (either on a part-time or full-time basis) shall be entitled to receive the annuity payable under this subchapter, but there shall be deducted from the annuitant’s basic pay a sum equal to the annuity allocable to the period of actual employment.
(b) Part-time reemployed annuitants
Terms Used In 50 USC 2113
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Director: means the Director of the Central Intelligence Agency. See 50 USC 2001
The Director shall have the authority to reemploy an annuitant on a part-time basis in accordance with section 8344(l) of title 5.
(c) Recovery of overpayments
In the event of an overpayment under this section, the amount of the overpayment shall be recovered by withholding the amount involved from the basic pay payable to such reemployed annuitant or from any other moneys, including the annuitant’s annuity, payable in accordance with this subchapter.
(d) Deposit in fund
Sums deducted from the basic pay of a reemployed annuitant under this section shall be deposited in the Treasury of the United States to the credit of the fund.