Page:United States Statutes at Large Volume 106 Part 4.djvu/497

 PUBLIC LAW 102-496—OCT. 24, 1992 106 STAT. 3233 the Social Security Act. The reduction shall be determined by multiplying the participant's monthly Social Security benefit by afiraction,the numerator of which is the participant's total military wages and deemed additional wages (mthin the meaning of section 229 of the Social Security Act (42 U.S.C. 429)) that were subject to Social Security deductions and the denominator of which is the total of all the participant's wages, including military wages, and all self-employment income that were subject to Social Security deductions before the calendar year in which the determination month occurs. "(B) The reduction determined in accordance with subparagraph (A) shall not be greater than the reduction that would be required under paragraph (1) if such paragraph applied to the participant. The new formula shall be applicable to any annuity payment payable after October 1, 1982, including annuity payments to participants who had previously reached age 62 and whose annuities had already been recomputed. "(C) For purposes of this paragraph, the term 'determination month' means— "(i) the first month for which the participant is entitled to old-age or survivors' insurance benefits (or would be entitled to such benefits upon application therefor); or "(ii) October 1982, in the case of any participant entitled to such benefits for that month. "(g) DEPOSITS PAID BY SURVIVORS.—For the purpose of survivor annuities, deposits authorized by subsections (b) and (h) may also be made by the survivor of a participant. "(h) DEPOSITS FOR PERIODS OF MILITARY SERVICE.— "(1) Each participant who has performed military service before the date of separation on which entitlement to an annuity under this title is based may pay to the Agency an amount equal to 7 percent of the amount of basic pay paid under section 204 of title 37, United States Code, to the participant for each period of military service after December 1956. The amount of such payments shall be based on such evidence of basic pay for military service as the participant may provide or, if the Director determines sufficient evidence has not been provided to adequately determine basic pay for military service, such payment shall be based upon estimates of such basic pay provided to the Director under paragraph (4). (2) Any deposit made under paragraph (1) more than two years after the later of— "(A) October 1, 1983, or "(B) the date on which the participant making the deposit first becomes an employee of the Federed Government, shall include interest on such amount computed and compounded annually beginning on the date of expiration of the two-year period. The interest rate that is applicable in computing interest in any year under this paragraph shall be equal to the interest rate that is applicable for such year under section 8334(e) of title 5, United States Code. to the credit of the fund. "(4) The provisions of section 221(k) shall apply with respect to such information as the Director determines to be necessary
 * (3) Any payment received by the Director under this subsection shall De deposited in the Treasury of the United States

�