Page:United States Statutes at Large Volume 46 Part 1.djvu/1519

 1476 SEVENTY-FIRST CONGRESS. SESS. III. Cs. 375. 1931 . Bonuses, etc ., ex- cludedas' basic salary, pay, or compensation ." Acc redited s ervice, The term " basic salary, pay, or compensation," wherever used in this Act, shall be so construed as to exclude from the operation of the Act all bonuses, allowances, overtime pay, or salary, pay, or co mpensation given in addition to the base pay of the position as fixed by law or regulation . COMPUTATION OF ACCREDITED SERVICE Periods of service in- SEC. 7. Subject to the provisions of section 8 hereof, the service cluded in computing . w hich shall form the b asis for ca lcula ting t he am ount of any bene fit provided in this Act shall be computed from the date of original employment, whether as a classified or an unclassified employee, in the civil service of the United States or under the municipal gov- DistrictofOolumbiat er nment of the District of Columbia, including periods of service at different times and in one or more departments, branches, or in dependent offices of the Government, and service on the Isthmus o f Panama with the Isthmian Canal Commission, the Panama Canal, or the Panama Railroad Company ; also periods of service Overseas, military, performed overseas under authority of the United States and periods naval, etc' of honorable service in the Army, Navy, Marine Corps, or Coast Deduction of periods Guard of the United States. In the case of an employee, however, en titling to pension, etc. who is eligible for and elects to receive a pension under any law, or retired pay on account of military or naval service, or compen- sation under the War Risk Insurance Act, the period of his mili- tary or naval service upon which such pension, retired pay, or com- pe nsation is based shall not be included, but nothing in this Act shall be so construed as to affect in any manner his right to a pen- sion, or to retired pay, or to compensation under the War Risk Insurance Act in addition to the annuity herein provided. P erio ds of sepa ra- I n computing length of servi ce for the purposes of this Act all bong, etc., eaclnded. periods of separation from the service and so much of any leaves of absence without pay as may exceed six months in the agregate excl disegardeedd °r a month In deter mining the total perio ds of servi ce up on whi ch th e all ow- ances are to be computed under section 6 hereof, the fractional part of a month, if any, shall be eliminated from each respective total pe riod. Pas t service. CREDIT FOR PAST SERVICE Deposits to credit of fund by employees SEC. S. All employees coming within the provisions of this Act hereafter brought with- after the effective date thereof shall be required to deposit with the in purview of Act. Treasurer of the United States to the credit of the Canal Zone retire- ment and disability fund referred to in section 9 hereof, under rules to be prescribed by the Commissioner of Pensions, a sum equal to 21 per centum of the employee's basic salary, pay, or compensation July 1, 192 2 ISy$ l,1920, t o received for services rendered after July 31, 1920, and prior to July Thereafter. 1, 1926, and also 31 per centum of the basic salary, pay, or com- pensation for services rendered subsequent to June 30, 1926, together I nter est rate , with interest computed at the rate of 4 per centum per annum co mpounded on the last day of each fiscal year, but such interest shall not be included for any period during which the employee was separated from the service. Upon making such deposit the Provisos- employee shall be entitled to credit for the period or periods of serv- When deposit not re- ice involved : Provided, That no such deposit shall be required on qu ired. account of services rendered for the Panama Railroad Company Failure to deposit. prior to January 1, 1924 : Provided further, That failure to make such deposit shall not deprive the employee of credit for any past service for which no deposit is required under the provisions of this section.

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