Page:United States Statutes at Large Volume 92 Part 2.djvu/519

 PUBLIC LAW 95-512—OCT. 25, 1978

92 StAT. 17'W

Public Law 95-512 95th Congress An Act To provide for cost-of-living adjustments in the annuity of a retired Comptroller General, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Comptroller General Annuity Adjustment Act of 1978". SEC. 2. Section 319 of the Budget and Accounting Act, 1921 (31 U.S.C. 43b) is amended— (1) by striking out " 3 " wherever it appears in subsections (b) and (c) and inserting "41/^"; (2) by striking out in subsection (e)(2) beginning with "onehalf" through the word "lesser" and inserting the following: "(A) $1,548, or (B) $4,644 divided by the number of children, whichever is lesser"; (3) by inserting " (A) " immediately after "equal to" in subsection (e)(3) and by striking out in such subsection beginning with "survived," through the word "year" and inserting "survived, divided by the number of children, or (B) $1,860, or (C) $5,680, divided by the number of children, whichever is the lesser"; and (4) by striking out "the last five years of such service" in subsection (n) and inserting "the three years of service in which his annual salary was greatest", and by striking out "37i/^" in such subsection and inserting "40". SEC. 3. The Budget and Accounting Act, 1921, is amended by adding after section 319 the following new section: "SEC. 320. (a) Except as provided in subsection (b), the annuities authorized by sections 303 and 319 of this Act shall be increased as follows: "(1) The Comptroller General shall— "(A) on January 1 of each year, or within a reasonable time thereafter, determine the per centum change in the Consumer Price Index published for December of the preceding year over the Consumer Price Index published for June of the preceding year, and "(B) on July 1 of each year, or within a reasonable time thereafter, determine the per centum change in the Consumer Price Index published for June of such year over the Consumer Price Index published for December of the preceding year. "(2) If in any year the per centum change determined under either paragraph (1)(A) or (1)(B) indicates a rise in the Consumer Price Index, then— "(A) effective March 1 of such year, in the case of an increase under paragraph (1)(A), each annuity payable under sections 303 and 319 of this Act commencing not later than such March 1 shall be increased by the per centum change computed under such paragraph, adjusted to the nearest one-tenth of 1 per centum, or

Oct. ^ 5. 1973 [S. 3412]

Comptroller General Annuity Adjustment Act of 1978. 31 USC 1 note.

31 USC 43c. 31 USC 43, 43b.

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