Page:United States Statutes at Large Volume 46 Part 1.djvu/1517

 1474 SEVENTY-FIRST C ONGRESS. SEss. III. CH. 375. 1931. No arinun y if re- No per son shal l be ent itled to receive an annui ty under the prov i- for disability . pen sat ion s iolis of this Ac t, and co mpensati on under the pro visions of the Ac t Vol. 39, p. 742. of September 7, 1916, entitled "An Act to provide compensation for employees of the United States suffering injuries while in the per- Claimant not de- formance of their duties, and for other purposes," or such Act as barred fr om gr eat er amended, covering the same period of time ; but this provision shall benefits. not be so construed as to bar the right of any claimant to the greater benefit conferred by either Act for any part of the same period of time. Fees, etc ., for medical ex ami nati ons. Fees for examinations made under the provisions of this section, . b y physic ians or surgeons who are not medi cal offi cers of the Unite d States, shall be fixed by the Commissioner of Pensions, and such fees, t ogether with the employee 's reaso nable tr aveling and othe r expense s incurred in order to submit to such examinations, shall be paid out of the appropriations for the cost of administering this Act. Payment of. Involuntary separa- tion from service. Payment, if eligible and before reaching re- tirement age. Ante, p. 1471. Return of salary de- ductions. Immediate life an- nuity. Deferred annuity to begin at retirement age. Deferred annuity, with special service and age between 45 and 55 ye ars . Imm ediat e ann uity at 55, auth orized. Annuity pay me nts to cease upon reem- ployment. Status thereafter. An nuit ies. Computation of amount. Ser vice in Pa nama or military, etc ., service in Tropics. I NVOLUN TARY S EPARAT ION FR OM THE SERVI CE SEC. 5 . Should any employee fifty-five years of age or over to whom this Act applies, after having served for a total period of not less than fifteen years and before becoming eligible for retirement under the conditions defined in section 2 hereof, become invol- untarily separated from the service, not by removal for cause on charges of misconduct or delinquency, such employee shall be paid a s he may elect, either- (a) The amount of the deductions from his basic salary, pay, or compensation, including accrued interest thereon computed as pre- sc ribed in section l1 (b) h ereof ; (b) A n immedi ate life annuity beginnin g at the date of separat ion from the service, having a value equal to the present worth of a deferred annuity beginning at the age at which the employee would otherwise have become eligible for retirement, computed as pro- vided in section 6 of this Act, the present worth of said deferred annuity to be determined on the basis of the American Experience Ta ble of Mortality and an intere st rate of 4 per centum, com- pounde d annually ; or (c) A deferred annuity beginning at the age at which the em- ployee would otherwise become eligible for retirement computed as provided in section 6 of this Act. Any employee who has served for a period of not less than fifteen years, and who is forty-five years of age, or over, and less than fifty-five years, and who becomes separated from the service under the con ditions set forth in this section s hall be entitled to a deferred annuity, but such employee may, upon reaching the age of fifty-five years, elect to receive an immediate annuity as provided in para- graph (b) of this section. Should an annu itant un der the p rovision s of thi s sectio n be reem - ployed in any position included in the provisions of this Act, pay- ment of annuity shall not be allowed covering the period of such reemployment, and an annuity based upon involuntary separation s hall not be al lowe d upo n sub sequ ent s epara tion from the serv ice un less suc h subsequ ent sepa ration s hall be involunt ary. METHOD OF COMPUTING ANNUITIES SEC. 6. The annuity of an employee retired under the provisions of this Act shall be composed of- (1) A sum equal to $37 .50 multiplied by the number of years of service, not to exceed thirty years, rendered (a) on the Isthmus of

�