CFR › Title 5 › Part 848 › §848.4025 CFR §848.402Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy link(a)The commencing date of the composite retirement annuity of a phased retiree who enters full retirement status is the day after separation.(b)A phased retirement annuity terminates upon separation from service.