Page:United States Statutes at Large Volume 106 Part 4.djvu/494

 106 STAT. 3230 PUBLIC LAW 102-496—OCT. 24, 1992 accordance with section 8334(e) of such title. The deposit may be made in one or more installments (including by allotment from pay), as determined by the Director. «*(2) EFFECT OF RETIREMENT DEDUCTIONS NOT MADE.— I f a participant has not paid a deposit for civilian service performed before October 1, 1982, for which retirement deductions were not made, such participant's annuity shall be reduced by 10 percent of the deposit described in paragraph (1) remaining unpaid, unless the participant elects to eliminate the service involved for the purpose of the annuity computation. "(3) EFFECT OF REFUND OF RETIREMENT CONTRIBUTIONS. — A participant who received a refund of retirement contributions under this or any other retirement system for Government employees covering service for which Uie participant may be allowed credit under this title may deposit the amount received, with interest computed under paragraph (1). Credit may not be allowed for the service covered by the refund untU the deposit is made, except that ap^^icipant who— "(A) separated from Government service before October 1, 1990, and received a refund of the participant's retirement contributions covering a period of service ending before October 1, 1990; "(B) is entitled to an annuity under this title (other than a disability annmty) which commences after December 1, 1992; and "(C) does not make the deposit required to receive credit for the service covered by the refund; shall be entitled to an annuity actuarially reduced in accordance with section 8334(d)(2)(B) of title 5, United States Code. "(4) ENTITLEMENT UNDER ANOTHER SYSTEM.—Credit toward retirement under the system shall not be allowed for any period of civilian service on the basis of which the participant is receiving (or will in the future be entitled to receive) an annuity under another retirement system for Government employees, unless the right to such annuity is w£uved and a deposit is made under paragraph (1) covering that period of service, or a transfer is made pursuant to subsection (c). "(c) TRANSFER FROM OTHER GOVERNMENT RETIREMENT SYS- TEMS. — "(1) IN GENERAL. —If an employee who is under another retirement system for Government employees becomes a participant in the system by direct transfer, the Government's contributions (including interest accrued thereon computed in accordance with section 8334(e) of title 5, United States Code) under such retirement system on behalf of the employee as well as such employee's total contributions and deposits (mcluding interest accrued thereon), except voluntary contributions, shall be transferred to the employee's credit in the fund effective as of the date such employee becomes a participant in the system. "(2) CONSENT OF EMPLOYEE. — Each such employee shall be deemed to consent to the transfer of such funds, and such transfer shall be a complete discharge and acquittance of all claims and demands against the other (jovernment retirement fund on account of service rendered before becoming a participant in the system.

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