Page:United States Statutes at Large Volume 84 Part 1.djvu/70

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PUBLIC LAW 91-201-FEB. 28, 1970

[84 STAT.

recent Aaluarioii of the System and with the first payment thereof due as of the end of the fiscal year hi which each new or liberalized benefit, extension of benefits, or iiicrease in salary is effective. "UXFUNDKD LlABlLl'JT OBLIGATIONS

Report to President and Congress. Effective date.

"SEC. 866. At the end of each fiscal year, the Secretary shall notify the Secretary of the Treasury of the amount equivalent to (1) interest on the unfmided liability computed for that year at the interest rate used in the then most recent valuation of the System, and (2) that portion of disbursement for annuities for that year which the Secretary estimates is attributable to credit allowed for military service. Before closing the accounts for each fiscal year, the Secretary of the Treasury shall credit to the Fund, as a Government contribution, out of any money in the Treasury of the United States not otherwise appropriated, the following percentages of such amounts: 10 per centum for 1971; 20 per centum for 1972; 30 per centum for 1973; 40 per centum for 1974; 50 per centum for 1975; 60 per centum for 1976; 70 per centum for 1977; 80 per centum for 1978; 90 per centum for 1979; and 100 per centum for 1980 and for each fiscal year thereafter. The Secretary shall report to the President and to the Congress the sums credited to the Fund under this section." (b) The provisions of section 866 of the Foreign Service Act of 1946, as contained in the amendment made by subsection (a) of this section, shall become elective at the beginning of the fiscal year which ends on June 30, 1971. TITLE II — FOREIGN SICKVICE RETIREMENT B E N E F I T S

Ante, p. 17. 'Price i n d e x. "

SEC. 201. Section 804(b) of the Foreign Service Act of 1946 (22 U.S.C. 1064(b)) is amended by adding at the end thereof the following new paragraph: "(6) 'Price index' means the Consumer Price Index (all items— United States city average) published monthly by the Bureau.of r •il-\ry-p ^i'Sli'l GjtlPS

Average pay computation. 74 Stat. 839. Survivor annuities.

SEC. 202. (a)'Section 821(a) of such Act (22 U.S.C. 1076(a)) is amended by striking out '"five" each place it appeal's and inserting in lieu thereof at each such place "three", (b) Section 821(c) of such Act (22 U.S.C. 1076(c)) is amended as follows: (1) Paragraph (i) of such section is amended by striking out all after " (i) " and inserting in lieu thereof "$900; or (li) $2,700 divided by the number of children." (2) Paragraph (2) of such section is amended by striking out all after " (i) " and inserting in lieu thereof "$1,080; or (ii) $3,240 divided by the number of children." ' SEC. 203. (a) Section 832(b) of such Act (22 U.S.C. 1082(b)) is amended— (1) by striking out "five years" and inserting in lieu thereof "eighteen months"; and (2) by inserting immediately before the semicolon following "section 821(a)" the following: "and if the participant had less than three years creditable civilian service at the time of death, the survivor annuity shall be computed on the basis of the average salary for the entire period of such service". (b) Subsections (c) and (d) of such section 832 are each amended by striking out "five years" and inseiting in lieu thereof "eighteen months".

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