Page:United States Statutes at Large Volume 102 Part 4.djvu/949

 PUBLIC LAW 100-659—NOV. 15, 1988

102 STAT. 3919

the Director of the Administrative Office of the United States Courts) is amended— (1) in paragraph (7) by inserting "bankruptcy judges, United States magistrates," after "United States,"; (2) by redesignating paragraph (18) as paragraph (19); and (3) by inserting after paragraph (17) the following: "(18) Regulate and pay annuities to bankruptcy judges and United States magistrates in accordance with section 377 of this title and paragraphs (I)(B) and (2) of section 2(c) of the Retirement and Survivors' Annuities for Bankruptcy Judges and Magistrates Act of 1988;". (b) CIVIL SERVICE RETIREMENT SYSTEM.—Section 8334(i) of title 5, United States Code, is amended by adding at the end the following new paragraph: "(4) Notwithstanding any other provision of law, a bankruptcy judge or magistrate who is covered by section 377 of title 28 or section 2(c) of the Retirement and Survivors' Annuities for Bankruptcy Judges and Magistrates Act of 1988 shall not be subject to deductions and contributions to the Fund, if the judge or magistrate notifies the Director of the Administrative Office of the United States Courts of an election of a retirement annuity under those provisions. Upon such an election, the judge or msigistrate shall be entitled to a lump-sum credit under section 8342(a) of this title.". (c) FEDERAL EMPLOYEES RETIREMENT SYSTEM.—Section 8402 of title 5, United States C!ode, is amended by adding at the end the following new subsection: "(e) A bankruptcy judge or magistrate who is covered by section 377 of title 28 or section 2(c) of the Retirement and Survivors' Annuities for Bankruptcy Judges and Magistrates Act of 1988 shall be excluded from the operation of this chapter, other than subchapters III and VII of such chapter, if the judge or magistrate notifies the Director of the Administrative Office of the United States Courts of an election of a retirement annuity under those provisions. Upon such election, the judge or magistrate shall be entitled to a lump-sum credit under section 8424 of this title.". SEC. 7. THRIFT SAVINGS PLAN.

(a) PARTICIPATION IN THE PLAN.—Subchapter III of chapter 84 of

title 5, United States Code, is amended by adding at the end the following: "§ 8440a. Bankruptcy judges and magistrates "(a)(1) A bankruptcy judge or magistrate who is covered by section 377 of title 28 or section 2(c) of the Retirement and Survivors' Annuities for Bankruptcy Judges and Magistrates Act of 1988 may elect to contribute an amount of such individual's basic pay to the Thrift Savings Fund. "(2) An election may be made under paragraph (1) only during a period provided under section 8432(b) for individuals subject to this chapter. "(b)(1) Except as otherwise provided in this subsection, the provisions of this subchapter and subchapter VII shall apply with respect to bankruptcy judges and magistrates who make contributions to the Thrift Savings Fund under subsection (a) of this section. "(2) The amount contributed by a bankruptcy judge or magistrate for any pay period shall not exceed 5 percent of basic pay for such pay period.

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