Page:United States Statutes at Large Volume 100 Part 1.djvu/641

 PUBLIC LAW 99-335—JUNE 6, 1986

100 STAT. 605

(ii) the amount required under such clause (i) with respect to such period; (B) for a period of service under clause (ii) of subsection (a)(l)(B), the amount by which— (i) the amount so contributed with respect to such period, exceeds (ii) the amount required under such clause (ii) with respect to such period; and (C) for a period of service under subparagraph (C) of subsection (a)(D, the amount by which— (i) the amount so contributed with respect to such period, exceeds (ii) the amount required under such subparagraph with respect to such period. (2) A refund under this subsection— (A) shall be payable with interest, computed at the rate applicable for the period involved under section 8331(8)(C) of title 5, United States Code, but only if such interest would be payable pursuant to an application for a lump-sum credit appropriately filed under subchapter III of chapter 83 of such title; Ante, pp. 589, ^nd

591-593.

(B) shall be payable upon written application therefor filed with the Office of Personnel Management. SEC. 303. PROVISIONS RELATING TO AN ELECTION TO BECOME SUBJECT 5 USC 8331 note. TO CHAPTER 83 SUBJECT TO CERTAIN OFFSETS RELATING TO SOCIAL SECURITY.

(a) REFUND.—Any individual who makes an election under section 301(b)(l)(A) shall, upon written application to the Office of Personnel Management, be entitled to a refund equal to— (1) for the period beginning on January 1, 1984, and ending on December 31, 1986, the amount by which— (A) the total amount deducted from such individual's basic pay under section 8334(a)(l) of title 5, United States Code, for such period, exceeds (B) 1.3 percent of such individual's total basic pay for such period; and (2) for the period beginning on January 1, 1987, and ending on the day before the effective date of the election, the amount by which— (A) the total amount deducted from such individual's basic pay under such section 8334(a)(l) for such period, exceeds (B) the total amount which would have been deducted if such individual's basic pay had instead been subject to section 8334(k) of such title during such period. (b) DEPOSIT REQUIREMENTS.—(1) In the case of an individual who becomes subject to subchapter III of chapter 83 of title 5, United States Code, pursuant to notification as described in the second sentence of section 301(b)(3)(B), service performed by such individual before the effective date of the notification shall not be considered creditable under such subchapter unless— (A) for any service during the period beginning on January 1, 1987, and ending on the day before such effective date, there is deposited to the credit of the Fund a percentage of basic pay for such period equal to the percentage which would have applied

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