Page:United States Statutes at Large Volume 94 Part 2.djvu/827

 PUBLIC LAW 96-465—OCT. 17, 1980

94 STAT. 2105

the participant shall be entitled under this Act, notwithstanding any law, rule, or regulation affecting the salary of the individual. (c)(1) If a member of the Service who is under another retirement Transfer of system for Government employees becomes a participant in the ^""*System by direct transfer, the total contributions and deposits of that member that would otherwise be refundable on separation (except voluntary contributions), including interest thereon, shall be transferred to the Fund effective as of the date such member becomes a participant in the System. Each such member shall be deemed to consent to the transfer of such funds, and such transfer shall be a complete discharge and acquittance of all claims and demands against the other Government retirement fund on account of service rendered by such member prior to becoming a participant in the System. (2) A member of the Service whose contributions are transferred to the Fund pursuant to paragraph (1) shall not be required to make additional contributions for periods of service for which required contributions were made to the other Government retirement fund; nor shall any refund be made to any such member on account of contributions made during any period to the other Government retirement fund at a higher rate than that fixed by subsection (d). (d)(1) Any participant credited with civilian service after July 1, Special 2^g24

contributions.

(A) for which no retirement contributions, deductions, or deposits have been made, or (B) for which a refund of such contributions, deductions, or deposits has been made which has not been redeposited, may make a special contribution to the Fund equal to the following percentages of basic salary received for such service: Time of service: July 1, 1924, through October 15, 1960, inclusive October 16, 1960, through December 31, 1969, inclusive On and after January 1, 1970

Percent of basic salary 5 QV2 7

(2) Notwithstanding paragraph (1), a special contribution for prior nondeposit service as a National Guard technician which would be creditable toward retirement under subchapter III of chapter 83 of title 5, United States Code, and for which a special contribution has not been made, shall be equal to the special contribution for such service computed in accordance with the schedule in paragraph (1) multiplied by the percentage of such service that is creditable under section 816. (3) Special contributions under this subsection shall include interest computed from the midpoint of each service period included in the computation, or from the date refund was paid, to the date of payment of the special contribution or commencing date of annuity, whichever is earlier. Interest shall be compounded at the annual rate of 4 percent to December 31, 1976, and 3 percent thereafter. No interest shall be charged on special contributions for any period of separation from Government service which began before October 1, 1956. Special contributions may be paid in installments (including by allotment of pay) when authorized by the Secretary of State. (e) Contributions shall not be required for any period of military and naval service or for any period for which credit is allowed to individuals of Japanese ancestry under section 816 for periods of internment during World War II.

5 USC 8331.

Interest,

Military and ^^^^^ service, ^^®™P'^^°'^

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