Page:United States Statutes at Large Volume 90 Part 2.djvu/1000

 90 STAT. 2468

PUBLIC LAW 94-522—OCT. 17, 1976

"(3) increases in salary on which benefits are computed is deemed to authorize appropriations to the fund to finance the unfunded liability created by that statute in thirty equal annual installments with interest computed at the rate used in the then most recent valuation of the System and with the first payment thereof due as of the end of the fiscal year in which each new or liberalized benefit, extension of coverage, or increase in salary is effective. "(c) There is hereby authorized to be appropriated to the fund each fiscal year, beginning with fiscal year 1977 such amounts as may be necessary to meet the amount of normal cost for each year which is not met by contributions under section 211(a). "(d) There is hereby authorized to be appropriated to the fund each fiscal year such sums as may be necessary to provide the amount equivalent to (1) interest on the unfunded 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 Director estimates is attributable to credit allowed for military service, not to exceed the following percentages of such amounts: 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.". TITLE II—RETIREMENT ACT AMENDMENTS Annuitants.

Annuities, computation,

SEC, 201. Section 204 of the Central Intelligence Agency Retirement Act of 1964 for Certain Employees, as amended (78 Stat. 1043; 50 U.S.C. 403 note), is amended— (a) by striking "dependent" in subsection (a); (b) by striking "Dependent widower" and inserting "Widower" in lieu thereof in subsection (b)(2); (c) by inserting a period before the first comma and striking the remainder of the sentence in subsection (b)(2); (d) by inserting before the comma in subsection (b)(3)(i) the words: "or a child who lived with and for whom a petition for adoption was filed by a participant and who is adopted by by the surviving spouse after the participant's death."; and (e) by striking out "two years" wherever it appears and inserting in 1 ieu thereof "one year". SEC. 202. Section 221(b) of the Central Intelligence Agency Retirejy^gnt Act of 1964 for Certain Employees, as amended (78 Stat. 1043; 50 U.S.C. 403 note), is amended to read as follows: "(b)(1) If a participant dies after having retired and is survived by a spouse to whom he or she was married at the time of retirement, or by a widow or widower wl:iom he or she married after retirement, the spouse, widow, or widower is entitled to an annuity equal to 55 per centum of the amount of the participant's annuity computed as prescribed in paragraph (a) of this section, up tq^the full amount of such annuity specified by the participant as the" base for such survivor benefits at the time of retirement. The annuity of the participant shall be reduced by 214 per centum of any amount up to $3,600 specified by the participant as the base for such survivor benefit plus 10 per centum of any amount over $3,600 so specified. If at the time of retirement the participant does not desire any surviving spouse to receive an annuity under this paragraph he shall so state in writing to the Director.

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