Deferred retirement

§ 8338. Deferred retirement (a) An employee who is separated from the service or transferred to a position not within the purview of this subchapter after completing 5 years of civilian service is entitled to an annuity beginning at the age of 62 years. (b) A Member who, after December 31, 1955, is separated from the service as a Member after completing 5 years of civilian service is entitled to an annuity beginning at the age of 62 years. A Member who is separated from the service after completing 10 or more years of Member service is entitled to an annuity beginning at the age of 60 years. A Member who is separated from the service after completing 20 or more years of service, including 10 or more years of Member service, is entitled to a reduced annuity beginning at the age of 50 years. (c) An annuity or reduced annuity authorized by this section is computed under section 8339 of this title.