Page:United States Statutes at Large Volume 106 Part 4.djvu/468

 106 STAT. 3204 PUBLIC LAW 102-496—OCT. 24, 1992 and withheld from the basic pay of a participant diiring any pay period pursuant to paragraph (1) shall be the excess of— "(A) the amount determined by multiplying the percent applicable to the participant under subsection (a) by the basic pay payable to the participant for that pay period, over "(B) the amount of the taxes deducted and withheld from such basic pay under section 3101(a) of the Internal Revenue Code of 1954 (relating to old-age, survivors, and disability insurance) for that pay period. 50 USC 2031. "SEC. 221. COMPUTATION OF ANNUITIES. "(a) ANNUITY OF PARTICIPANT. — "(1) COMPUTATION OF ANNUITY.—The annuity of a participant is the product of— "(A) the participant's high-3 average pay (as defined in paragraph (4)); and "(B) the number of years, not exceeding 35, of service •',,.,-., credit (determined in accordance with sections 251 and 252) multiplied by 2 percent. "(2) CREDIT FOR UNUSED SICK LEAVE.— The total service of a participant who retires on an immediate annuity (except under section 231) or who dies leaving a survivor or survivors entitled to an annuity shall include (without regard to the 35-year limitation prescribed in paragraph (1)) the days of unused sick leave to the credit of the participant. Days of unused sick leave may not be counted in determining aversige basic pay or eligibility for an annuity under this title. A deposit shall not be required for days of unused sick leave credited under this paragraph. "(3) CREDITING OF PART-TIME SERVICE. — "(A) IN GENERAL.— In the case of a participant whose service includes service on a part-time basis performed after April 6, 1986, the participant's annuity shall be the sum of the amounts determined under subparagraphs (B) and(C). "(B) COMPUTATION OF PRE-APRIL 7, lese, ANNUITY.— The portion of an annuity referred to in subparagraph (A) with respect to service before April 7, 1986, shall be the amount computed under paragraph (1) using the Participant's length of service before that date (increased y the unused sick leave to the credit of the participant at the time of retirement) and the participant's high-3 average pay. "(C) COMPUTATION OF POST-APRIL 6, 1986, ANNUITY.— The portion of an annuity referred to in subparagraph (A) with respect to service after April 6, 1986, shall be the product of— "(i) the amount computed under paragraph (1), using the participant's length of service after that date and the participant's high-3 average pay, as determined by using the annual rate of basic pay that would be payable for full-time service; and
 * ^2) REDUCTION IN CONTRIBUTION. — The amount deducted
 * Part C—Computation of Annuities

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