Page:United States Statutes at Large Volume 46 Part 1.djvu/1254

 SEVENTY-FIRST CONGRESS. SEss. III. Cs. 276. 1931 . 1211 principal officer, receive in addition to his salary as Foreign Service officer, compensation equal to the difference between such salary and one-half of the salary provided by law for the ambassador, minister, or principal cons ular officer, as the case may be. " SEC. 26 . The President is authorized to prescribe rules and regu- Foreign Se rvi ce re- t irem ent and di sabi lity lations for the establishment of a Foreign Service retirement and system authorized . disability system to be administered under the direction of the Sec- retary of State and in accordance with the following principles, to wit "(a) The Secretary of State shall submit annually a comparative e C8 n i ies, allow. report showing all receipts and disbursements on account of refunds, Annual report of re- ceipts etc ., on account allowances, and annuities, together with the total number of persons of, to 6e submitted. receiving annuities and the amounts paid them, and shall submit annually estimates of appropriations necessary to continue this sec- tion in full force and such appropriations are hereby authorized P ro vi de d, That in no ev ent shal l the ag gregate t otal app ropriati ons Appropriations for, exceed the aggregate total of the contributions of the Foreign Serv- li mitedto contrib ution. ice officers theretofore made, and accumulated interest thereon. Foreign Service re- "( b) There is hereby created a special fund to be known as the t irem ent and di sabi lity For eign Ser vice reti rement a nd disab ility fu nd . fund created . cc (c) Five per centum of the basic salary of all Foreign Service a Contributions uct ion s by de- from sal ari es officers eligible to retirement shall be contributed to the Foreign of eligible officers . S ervic e ret irem ent a nd di sabi lity fund, and the Secre tary of t he Treasury is directed on the date on which this Act takes effect to cause such deductions to be made and the sums transferred on the Deductions trans. books of the Treasury Department to the credit of the Foreign Serv- ferred to fund . ice retirement and disability fund for the payment of annuities, Prosiso . refunds, and allowances : Provided, That all basic salaries in excess ma ximum s alary ba - of $10,000 per annum shall be treated as $10,000 . si. "( d) When any Foreign Service officer has reached the age of Retirement age. sixty-five y ears and rendered at least fifteen years of service he shall Provisos. be retired : Provided, That if any such officer shall have served thirty After thirty years' years lie may be retired at his own request before reaching the age of service etionary reten- sixty-five years : Provided further, That the President may in his ti on. discretion retain any such officer on active duty for such period prior to his reaching seventy years of age, as he may deem for the interests of the Unit ed States. Classification of an. " (e) Annuities shall be paid to retired Foreign Service officers nuities based on service under the following classification, based upon length of service and and s alaries . a t the following percentages of the average annual basic salary for P erce nta ges' the ten years next preceding the date of retirement : Class A, thirty years or more, 60 per centum ; Class B, from twenty-seven to thirty years, 54 per centum ; Class C, from twenty-four to twenty-seven years, 48 per centum ; Class D, from twenty- one to twenty-four years, 42 per centum ; Class E, from eighteen to twenty-one years, 36 per centum ; Class F, from fifteen to eighteen years, 30 per cen- Provisos . tun : Provided, however, That in computing the average annual Computation of aver. basic salar y for the ten y ears next preceding the date of retirement, for orta en years ba sic precedin p calag g so much of an officer's service as was rendered prior to July 1, 1924, retirement date, in accordance with the classification and salaries established by laws then in effect, as it is possible to credit to him by applying to all such periods of service rendered prior to July 1, 1924, the rules for corresponding May in the reclassification provisions in section Vol. 43, p . 141. 7 of the Act of May 24, 1924, shall be considered as having been performed in accordance with the classifications and salaries estab- lished for Foreign Service officers in section 3 of the Act of May 24, 1924 : And provided further, That no increases in annuities under Increases inannuities a retr oao- not to operate retroac. Act shall operate retroactively and nothing in this Act shall be lively, etc ° interpreted as reducing the rate of the annuity received by any retired officer on the effective date of this Act.

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