50 U.S.C. § 2055
Section 2055 · Mandatory retirement
Current version, with additions and removals from the October 24, 1992 version.
(1) Authority of director.—The Director may, in the Director's discretion, place in a retired status any participant in the system described in paragraph (2).
(1) Authority of director.—The Director may, in the Director's discretion, place in a retired status any participant in the system described in paragraph (2).
(2) Paragraph (1) applies with respect to any participant who has not less than 10 years of service with the Agency and who—
(2) Paragraph (1) applies with respect to any participant who has not less than 10 years of service with the Agency and who—
(A) has completed at least 25 years of service; or
(A) has completed at least 25 years of service; or
(B) is at least 50 years of age and has completed at least 20 years of service.
(B) is at least 50 years of age and has completed at least 20 years of service.
(1) In general
(1) In general
A participant in the system shall be automatically retired from the Agency—
A participant in the system shall be automatically retired from the Agency—
(B) upon reaching age 60, in the case of any other participant in the system.
(B) upon reaching age 60, in the case of any other participant in the system.
(2) Effective date of retirement
(2) Effective date of retirement
Retirement under paragraph (1) shall be effective on the last day of the month in which the participant reaches the age applicable to that participant under that paragraph.
Retirement under paragraph (1) shall be effective on the last day of the month in which the participant reaches the age applicable to that participant under that paragraph.
(3) Authority for extension
(3) Authority for extension
In any case in which the Director determines it to be in the public interest, the Director may extend the mandatory retirement date for a participant under this subsection by a period of not to exceed 5 years.
In any case in which the Director determines it to be in the public interest, the Director may extend the mandatory retirement date for a participant under this subsection by a period of not to exceed 5 years.
A participant retired under this section shall receive retirement benefits in accordance with section 2031 of this title.
A participant retired under this section shall receive retirement benefits in accordance with section 2031 of this title.