Page:United States Statutes at Large Volume 79.djvu/1172

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PUBLIC LAW 89-308-OCT. 31, 1965 "PART

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ADJUSTMENTS OF ANNUITIES

"SEC. 882. (a) On the basis of determination made by the Civil Service Commission pursuant to section 18 of the Civil Service Retireiifie^nt Act, as amended, pertaining to per centum change in the price index, the following adjustments shall be made: "(1) Effective April 1, 1966, if the change in the price index from 1962 to 1965 shall have equaled a rise of at least 3 per centum, each annuity payable from the fund which has a commencing date earlier than January 2, 1965, shall be increased by the per centum rise in the price index adjusted to the nearest one-tenth of 1 per centum. "(2) Effective April 1 of any year other than 1966 after the price index change shall have equaled a rise of at least 3 per centum, each annuity payable from the fund which has a commencing date earlier than January 2 of the preceding year shall be increased by the per centum rise in the price index adjusted to the nearest one-tenth of 1 per centum. "(b) Eligibility for an annuity increase under this section shall be governed by the commencing date of each annuity payable from the fund as of the effective date of an increase, except as follows: " (1) Effective from the date of the first increase under this section, an annuity payable from the fund to an annuitant's survivor (other than a child entitled under section 821(c)), which annuity commenced the day after the annuitant's death, shall be increased as provided in subsection (a)(1) or (a)(2) if the commencing date of annuity to the annuitant was earlier than January 2 of the year preceding the first increase. "(2) Effective from its commencing date, an annuity payable from the fund to an annuitant's survivor (other than a child entitled under section 821(c)), which annuity commences the day after the annuitant's death and after the effective date of the first increase under this section', shall be increased by the total per centum increase the annuitant was receiving under this section at death. " (3) For purposes of computing an annuity which commences after the effective date of the first increase under this section to a child under section 821(c), the items $600, $720, $1,800, and $2,160 appearing in section 821(c) shall be increased by the total per centum increase allowed and in force under this section and, in case of a deceased annuitant, the items 40 per centum and 50 per centum appearing in section 821(c) shall be increased by the total per centum increase allowed and in force under this section to the annuitant at death. Effective from the date of the first increase under this section, the provisions of this paragraph shall apply as if such first increase were in effect with respect to computation of a child's annuity under section 821 (c) which commenced between January 2 of the year preceding the first increase and the effective date of the first increase. "(c) No increase in annuity provided by this section shall be computed on any additional annuity purchased at retirement by voluntary contributions. " (d) No increase in annuity provided by this section shall apply to amounts paid under authority of section 5 of Public Law 84-503, -^^ amended, section 4 of the Foreign Service Annuity Adjustment Act of 1965, or anj' other law authorizing annuity grants to widows. "(e) The monthlv installment of annuity after adjustment under this section shall be fixed at the nearest dollar." Approved October 31, 1965.

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