Page:United States Statutes at Large Volume 100 Part 4.djvu/208

 100 STAT. 3136

PUBLIC LAW 99-556—OCT. 27, 1986 "(C) Any individual who becomes subject to subchapter III of chapter 83 of such title pursuant to notification under section 8331(2) of such title after December 31, 1986, shall become subject to such subchapter under the same terms and conditions as apply in the case of an individual described in section 84020>X2) of such title who is subject to such subchapter.".

SEC. 302. INTEREST ON REFUNDS. 5 USC 8331 note.

(a) REFUND B A S E D ON AN ELECTION TO BECOME SUBJECT TO THE FEDERAL EMPLOYEES' RETIREMENT SYSTEM.—Subparagraph (A) of

section 302(c)(2) of the Federal Employees' Retirement System Act of 1986 (Public Law 99-335; 100 Stat. 605) is amended to read as follows: "(A) shall be payable with interest, computed in accordance with paragraphs (2) and (3) of section 8334(e) of title 5, United States Code, and regulations prescribed by the Office of Personnel Mangigement.".

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5 USC 8331 note.

(b) REFUND B A S E D ON AN ELECTION U N D E R SECTION 301(b)(l)(A) OF

FERSA.—Section 303(a) of the Federal Employees' Retirement System Act of 1986 (Public Law 99-335; 100 Stat. 605) is amended by adding at the end thereof the following; "A refund under this subsection shall be computed with interest in accordance with paragraphs (2) and (3) of section 8334(e) of title 5, United States Code, and regulations prescribed by the Office of Personnel Management.".

TITLE IV—FOREIGN SERVICE RETIREMENT SEC. 401. REFERENCES. Except as otherwise expressly provided, whenever in this title an amendment is expressed in terms of an amendment to a section or other provision, the reference shall be considered to be made to a section or other provision of chapter 8 of the Foreign Service Act of 1980 (22 U.S.C. 4041 et seq.). SEC. 402. ANNUITY OFFSET BY AMOUNT OF SOCIAL SECURITY BENEFITS.

42 USC 401.

Subsection (m) of section 806 (22 U.S.C. 4046) is amended to read as follows: "(m) The retirement, disability, or survivor annuity payable to any person based on the service of an individual subject to section 805(h) beginning with the first day of the month for which such person first becomes— "(1) eligible for an annuity under this subchapter based on the ? service of such individual, and "(2) entitled, or would, upon proper application, be entitled to old age, disability, or survivor benefits under title II of the Social Security Act based on the service of such individual under this subchapter, shall be computed as if section 8349 of title 5, United States Code, were applicable.". SEC.

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403. INCREASE IN CEILING ON ANNUAL RATE OF PAY FOR REEMPLOYED ANNUITANTS.

Paragraph (3) of section 824(b) (22 U.S.C. 4064(b)) is amended to read as follows:

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