Page:United States Statutes at Large Volume 103 Part 2.djvu/568

 103 STAT. 1578 PUBLIC LAW 101-189—NOV. 29, 1989 — • > "(II) An amount equal to 2y2 percent of the first $337 (as adjusted after November 1, 1989, under paragraph (4)) of the base amount plus 10 percent i"- of the remainder of the base amount. "(B) RESERVE-COMPONENT ANNUITY. — If the annuity cov- erage being provided is a reserve-component annuity, the reduction shall be in whichever of the following amounts is more favorable to that person: "(i) An amount equal to GVz percent of the base amount plus an amount determined in accordance with regulations prescribed by the Secretary of Defense as a premium for the additional coverage provided through reserve-component annuity coversige under the Plan, "(ii) An amount equal to 2y2 percent of the first $337 (as adjusted after November 1, 1989, under paragraph (4)) of the base amount plus 10 percent of the remain- der of the base amount plus an amount determined in accordance with regulations prescribed by the Sec- v retary of Defense as a premium for the additional coverage provided through reserve-component annuity coverage under the Plan.'. (b) PERSONS PROVIDING SPOUSE COVERAGE.—Such subsection is further amended by adding at the end the following new paragraph: "(5) For the purposes of paragraph (1), a participant in the Plan who is providing spouse coverage is a participant who— (A) has (i) a spouse or former spouse, or (ii) a spouse or former spouse and a dependent child; and "(B) has not elected to provide an annuity to a person des- ignated by him under section 1448(b)(l) of this title or, having made such an election, heis changed his election in favor of his spouse under section 1450(f) of this title.". (c) (DoNFORMiNG AMENDMENT.—Subsection (a)(4) of such section is amended by striking out "amount under paragraph (I)(A)" in sub- paragraphs (A) and (B) and inserting in lieu thereof "amounts under paragraph (1)". 10 USC 1452 (d) RECOMPUTATION OF SBP PREMIUM FOR CURRENT PARTICI- PANTS. — (1) RECOMPUTATION. —The Secretary concerned shall recom- pute the SBP premium of persons described in paragraph (2). Any such recomputation shall take effect on March 1, 1990. (2) PERSONS COVERED,—A person referred to in paragraph (1) as described in this paragraph is a person who on March 1, 1990— (A) is entitled to retired pay; (B) is providing spouse coversige (as described in para- 's. » > graph (5) of section 1452 of title 10, United States Code, as -• added by subsection (b)); and (C) is subject to an SBP premium in excess of 6V2 percent of the base amount of that person under the Survivor Benefit Plan. (3) AMOUNT OF RECOMPUTED PREMIUM.— The amount of an SBP premium recomputed under this subsection shall be 6V2 percent of the base amount under the Survivor Benefit Plan of the person whose premium is recomputed. (4) SBP PREMIUM DEFINED. —For purposes of this subsection, the term "SBP premium" means a reduction in retired pay under section 1452 of title 10, United States (Dode. note.

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