Page:United States Statutes at Large Volume 101 Part 3.djvu/455

 PUBLIC LAW 100-238—JAN. 8, 1988

101 STAT. 1753

(1) by striking "At the end o f and inserting in lieu thereof "At the time prescribed by the Executive Director, but no later than 12 days after the end of; and (2) by striking "at the end of each succeeding pay period," and inserting in lieu thereof "within such time as the Executive Director may prescribe with respect to succeeding pay periods (but no later than 12 days after the end of each such pay period),". (b) AMOUNTS BASED ON INDIVIDUAL CONTRIBUTIONS.—The second sentence of section 8482(c)(2)(A) is amended by striking "at the end of such pay period." and inserting in lieu thereof "within such time as the Executive Director may prescribe, but no later than 12 days after the end of each such pay period.". SEC. 122. AMENDMENTS RELATING TO DISABILITY ANNUITIES. (a) INITIAL DISABILITY ANNUITY OFFSET TO B E BASED ON ACTUAL SOCIAL SECURITY DISABILITY INSURANCE BENEFIT; AMOUNT OF OFFSET NOT SUBJECT TO ADJUSTMENT UNTIL AFTER THE FIRST YEAR.—Sec-

tion 8452(a)(2)(B)(i) of title 5, United States Code, is amended to read as follows: "(B)(i) For purposes of this paragraph, the assumed disability insurance benefit of an annuitant for any month shall be equal to— "(I) the amount of the disability insurance benefit to which the annuitant is entitled under section 223 of the Social Security Act for the month in which the annuity under this subchapter commences, or is restored, or, if no entitlement to such disability insurance benefits exists for such month, the first month thereafter for which the annuitant is entitled both to an annuity under this subchapter and disability insurance benefits under section 223 of the Social Security Act, adjusted by "(II) all adjustments made under section 8462(b) after the end of the period referred to in paragraph (l)(A)(i) (or, if later, after the end of the month preceding the first month for which the annuitant is entitled both to an annuity under this subchapter and disability insurance benefits under section 223 of the Social Security Act) and before the start of the month involved (without regard to whether the annuitant's annuity was affected by any of those adjustments).". (b) REVISED METHOD FOR REDETERMINING A DISABILITY ANNUITY AT

AGE 62.—Section 8452(b) of title 5, United States Code, is amended to read as follows: "(b)(1) Except as provided in subsection (d), if an annuitant is entitled to an annuity under this subchapter as of the day before the date of the sixty-second anniversary of the annuitant's birth (hereinafter in this section referred to as the annuitant's 'redetermination date'), such annuity shall be redetermined by the Office in accordance with paragraph (2). Effective as of the annuitant's redetermination date, the annuity (as so redetermined) shall be in lieu of any annuity to which such annuitant would otherwise be entitled under this subchapter. "(2)(A) An annuity redetermined under this subsection shall be equal to the amount of the annuity to which the annuitant would be entitled under section 8415, taking into account the provisions of subparagraph (B). "(B) In performing a computation under this paragraph— "(i) creditable service of an annuitant shall be increased by including any period (or periods) before the annuitant's redeter-

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