Contents
- (a) In general
- (b) Limitations1 change
- (c) Transfer from other Government retirement systems
- (d) Transfer to other Government retirement systems
- (e) Prior military service credit
- (f) Effect of entitlement to social security benefits
- (g) Deposits paid by survivors
- (h) Deposits for periods of military service3 changes
(h)
(1)
(A)Each participant who has performed military service before the date of separation on which entitlement to an annuity under this subchapter is based may pay to the Agency an amount equal to 7 percent of the amount of basic pay paid under section 204 of title 37 to the participant for each period of military service after December 1956; except, the amount to be paid for military service performed beginning on January 1, 1999, through December 31, 2000, shall be as follows:7.25 percent of basic payJanuary 1, 1999, to December 31, 1999. 7.4 percent of basic payJanuary 1, 2000, to December 31, 2000.
(B)The amount of such payments shall be based on such evidence of basic pay for military service as the participant may provide or, if the Director determines sufficient evidence has not been provided to adequately determine basic pay for military service, such payment shall be based upon estimates of such basic pay provided to the Director under paragraph (4).
(2)Any deposit made under paragraph (1) more than two years after the later of—
(A)October 1, 1983, or
(B)the date on which the participant making the deposit first becomes an employee of the Federal Government,
shall include interest on such amount computed and compounded annually beginning on the date of expiration of the two-year period. The interest rate that is applicable in computing interest in any year under this paragraph shall be equal to the interest rate that is applicable for such year under section 8334(e) of title 5.
(3)Any payment received by the Director under this subsection shall be deposited in the Treasury of the United States to the credit of the fund.
(4)The provisions of section 2031(l) of this title shall apply with respect to such information as the Director determines to be necessary for the administration of this subsection in the same manner that such section applies concerning information described in that section.
United States Government work; public domain under 17 U.S.C. § 105.