Page:United States Statutes at Large Volume 69.djvu/734

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PUBLIC LAW 369-AUG. H, 1955

Public Law 369 August 11, 1955 [H..R. 7618]

Civil Service retirement a n n u i ties. 46 Stat. 475. 5 USC 736c.

Effective date of Increase.

5 USC 69>1. Member of eon» gress. 5 USC 736b, 698.

60 Stat. 812. 2 USC 72a note.

5 USC 698.

CHAPTER 807

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 8 of the Civil Service Retirement Act of May 29, 1930, as amended, is amended by adding at the end thereof the following: " (d)(1) The annuity of any person who now or hereafter is receiving or entitled to receive an annuity from the civil-service retirement and disability fund shall be increased, effective on the first day of the second month following enactment of this amendment or on the commencing date of annuity, whichever is later, in accordance with the following schedule:

August 20, 1920, and June 30, 1955 Julv 1, 1955, and December 31, 1955 January 1, 1956, and June 30, 1956. _. July 1, 1956, and December 31, 1956 January 1, 1957, and June 30, 1957 July 1, 1957, and December 31, 1957

Annuities of sui^ vivors.

STA T.

^^ ACT To amend section 8 of the Civil Service Retirement Act of May 29, 1930, as amended.

"If annuity commences between—

5 USC 719, 721, 722.

[69

Annuity not in Annuity in excess of $1,500 excess of $1,500 shall be increased shall be increased by— by12 per c e n t u m. _ 8 per 10 per c e n t u m. _ 7 per 6 per 8 per centum 4 per 6 per centum 2 per 4 per centum 1 per 2 per centum

centum. centum. centum. centum. centum. centum.

Such increase in annuity shall not exceed the sum necessary to increase such annuity, exclusive of annuity purchased by voluntary contributions under the second paragraph of section 10 of this Act, to $4,104. The monthly installment of each annuity so increased shall be fixed at the nearest dollar. "(2) The increases provided by this subsection, when added to the annuities of retired employees, shall not operate to increase the annuities of their survivors, except that the annuity of any such survivor who becomes entitled to annuity shall be increased by the per centum provided in subsection (d)(1) of this section appropriate to the commencing date of such survivor's annuity." SEC. 2 (a) Paragraph (5) of section 3A of the Civil Service Retirement Act of May 29, 1930, as amended, is amended to read as follows: "(5) Subject to the provisions of section 9 and of subsections (b) and (c) of section 4, the annuity of a Member of Congress shall be an amount equal to— " (A) two and one-half per centum of the average annual basic salary, paj', or compensation received by him subsequent to the date of the enactment of the legislative Reorganization Act of 1946, as amended, for civilian service used in the computation of an annuity under this paragraph, multiplied by the sum of his years of service as a Member of Congress and his years of active service performed as a member of the Armed Forces of the United States prior to his sej^aration from service as a Member of Congress; " (B) two and one-half per centum of such average annual basic salary, pay, or compensation multiplied by the sum of the years, not exceeding fifteen, of his service performed as an employee described in section 4(g) prior to his separation from service as a Member of Congress, other than any such service which he may elect to exclude; and

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