Page:United States Statutes at Large Volume 114 Part 1.djvu/818

 114 STAT. 782 PUBLIC LAW 106-265—SEPT. 19, 2000 (2) COMPLIANCE.— The head of an agency or the Office shall comply with a request from the Commissioner under paragraph (1). (3) WAGES.— For purposes of section 201 of the Social Security Act (42 U.S.C. 401), wages reported under this subsection shall be deemed to be wages reported to the Secretary of the Treasury or the Secretary's delegates pursuant to subtitle F of the Internal Revenue Code of 1986. (c) PAYMENT RELATING TO OASDI EMPLOYEE TAXES. — The Office shall transfer from the Civil Service Retirement and Disability Fund to the General Fund of the Treasury an amount equal to the lesser of the excess CSRS deduction amount or the OASDI taxes due for covered individuals (as adjusted by amounts transferred relating to applicable OASDI employee taxes as a result of corrections made, including corrections made before the date of the enactment of this Act). If the excess CSRS deductions exceed the OASDI taxes, any difference shall be paid to the covered individual or survivors, as appropriate. (d) PAYMENT OF OASDI EMPLOYER TAXES.— (1) IN GENERAL.— Each employing agency shall pay an amount equal to the OASDI employer taxes owed with respect to covered individuals during the applicable period of erroneous coverage (as adjusted by amounts transferred for the payment of such taxes as a result of corrections made, including corrections made before the date of the enactment of this Act). (2) PAYMENT. — Amounts paid under this subsection shall be determined subject to any limitation under section 6501 of the Internal Revenue Code of 1986. 5 USC 8331 note. SEC. 2205. THRIFT SAVINGS PLAN TREATMENT FOR CERTAIN INDIVID- UALS. (a) APPLICABILITY. — This section applies to an individual who— (1) is eligible to make an election of coverage under section 2101 or 2102, and only if FERS coverage is elected (or remains in effect) for the employee involved; or (2) is described in section 2111, and makes or has made retroactive employee contributions to the Thrift Savings Fund under regulations prescribed by the Executive Director. (b) PAYMENT INTO THRIFT SAVINGS FUND. — (1) IN GENERAL.— (A) PAYMENT. —With respect to an individual to whom this section applies, the employing agency shall pay to the Thrift Savings Fund under subchapter III of chapter 84 of title 5, United States Code, for credit to the account of the employee involved, an amount equal to the earnings which are disallowed under section 8432a(a)(2) of such title on the employee's retroactive contributions to such Fund. (B) AMOUNT. —Earnings under subparagraph (A) shall be computed in accordance with the procedures for computing lost earnings under section 8432a of title 5, United States Code. The amount paid by the employing agency shall be treated for all purposes as if that amount had actually been earned on the basis of the employee's contributions. (C) EXCEPTIONS. —I f an individual made retroactive contributions before the effective date of the regulations

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