Page:United States Statutes at Large Volume 60 Part 1.djvu/1052

 60 STAT.] 79TH CONG. , 2D SESS.-CH. 957-AUG. 13, 1946 PART H--OFFICERS REINSTATED IN THE SERVICE SEC. 871. A Foreign Service officer, reinstated in the Service in accordance with the provisions of section 520 (b) shall, while so serving, be entitled in lieu of his retirement allowance to the full pay of the class in which he is temporarily serving. During such service, he shall make contributions to the Fund in accordance with the provisions of section 811. If the annuity he was receiving prior to his reinstatement in the Service was based on less than thirty years of service credit, the amount of his annuity when he reverts to the retired list shall be recomputed on the basis of his total service credit. PART I-VOLUNTARY CONTRIBUTIONS SEC. 881. (a) Any participant may, at his option and under such regulations as may be prescribed by the President, deposit additional sums in multiples of 1 per centum of his basic salary, but not in excess of 10 per centum of such salary, which amounts together with interest at 3 per centum per annum, compounded on June 30 of each year shall, at the date of his retirement and at his election, be- (1) returned to him in a lump sum; or (2) used to purchase an additional life annuity; or (3) used to purchase an additional life annuity for himself and to provide for a cash payment on his death to a beneficiary whose name shall be notified in writing to the Secretary by the par- ticipant; or (4) used to purchase an additional life annuity for himself and a life annuity commencing on his death payable to a beneficiary whose name shall be notified in writing to the Secretary by the participant with a guaranteed return to the beneficiary or his legal representative of an amount equal to the cash payment referred to in paragraph 3. (b) The benefits provided by subparagraphs 2, 3, or 4 of paragraph (a) of this section shall be actuarially equivalent in value to the pay- ment provided for by paragraph (a) (1) of this section and shall be calculated upon such tables of mortality as may be from time to time prescribed for this purpose by the Secretary of the Treasury. (c) In case a participant shall become separated from the Service for any reason except retirement on an annuity, the amount of any additional deposits with interest at 3 per centum per annum, com- pounded annually, made by him under the provisions of this paragraph shall be refunded in the manner provided in section 841 for the return of contributions and interest in the case of death or withdrawal from active service. (d) Any benefits payable to an officer or to his beneficiary in respect to the additional deposits provided under this paragraph shall be in addition to the benefits otherwise provided under this title. TITLE IX-ALLOWANCES AND BENEFITS PART A-ATLLOWANCES AND SPECIAL ALLOTENTS QUARTERS, COST OF LlVING, AND REPRESENTATION ALLOWANCES SEC. 901. In accordance with such regulations as the President may prescribe and notwithstanding the provisions of section 1765 of the Revised Statutes (5 U. S . C . 70), the Secretary is authorized to grant to any officer or employee of the Service who is a citizen of the United States- (1) allowances, wherever Government owned or rented quar- ters are not available, for living quarters, heat, light, fuel, gas, 80634° --47--P. I- - - Ante, p. 1009. Ante, p. 1020. Recomputation of annuity. Optional deposit of additional sums. Actuarial value of benefits. Refund of deposits upon separation. Ante, p. 1022. Additional benefits Allowances for liv- ing quarters, etc. 1025

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