Page:United States Statutes at Large Volume 100 Part 1.djvu/669

 PUBLIC LAW 99-336—JUNE 19, 1986

Public Law 99 -336 99th Congress

100 STAT. 633

An Act

To amend title 28, United States Code, to reform and improve the Federal justices and judges survivors' annuities program, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.

This Act may be cited as the "Judicial Improvements Act of 1985". SEC. 2. JUDICIAL SURVIVORS' ANNUITIES AMENDMENTS.

June 19, 1986 [H.R. 3570] Judicial Improvements Act of 1985. Courts. Retirement. 28 USC 1 note.

(a) BENEFIT REFORMS.—Section 376 of title 28, United States Code, is amended as follows: (1) Subsection (a)(1) is amended by striking out "or (iii) the date upon which the Judicial Survivors' Annuities Reform Act 28 USC i note. becomes effective;" and inserting in lieu thereof "(iii) January 1, 1977; or (iv) October 1, 1986;". (2) Subsections (b) and (d) are each amended by striking out "4.5 percent" each place it appears and inserting in lieu thereof "5 percent". (3) Subsection (c) is amended to read as follows: "(c)(1) There shall also be deposited to the credit of the Judicial Survivors' Annuities Fund, in accordance with such procedures as the Comptroller General of the United States may prescribe, amounts required to reduce to zero the unfunded liability of the Judicial Survivors' Annuities Fund: Provided, That such amounts shall not exceed the equivalent of 9 percent of salary or retirement salary. Such deposits shall, subject to appropriations Acts, be taken from the fund used to pay the compensation of the judicial official, and shall immediately become an integrated part of the Judicial Survivors' Annuities Fund for any use required under this section. "(2) For purposes of paragraph (1), the term 'unfunded liability' means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, United States Code, of the present value of all benefits payable from the Judicial Survivors' Annuities Fund, over the sum of— "(A) the present value of deductions to be withheld from the future basic pay of judicial officials; plus "(B) the balance in the Fund as of the date the unfunded liability is determined. In making any determination under this paragraph, the Comptroller General shall use the applicable information contained in the reports filed pursuant to section 9503 of title 31, United States Code, with respect to the judicial survivors' annuities plan established by this section. "(3) There are authorized to be appropriated such sums as may be Appropriation authorization. necessary to carry out this subsection.". (4) Subsection (h) is amended— (A) in paragraph (1)(B), by striking out clauses (i) and (ii) and inserting in lieu thereof the following:

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