Volume 68 · 1043
Public Law 83–747
To amend the Civil Service Retirement Act of May 29, 1930, to make permanent the increases in regular annuities provided by the act of July 16, 1952, and to extend such increases to additional annuities purchased by voluntary contributions.
Approved August 31, 1954
Statutory text
AN ACT
To amend the Civil Service Retirement Act of May 29, 1930, to make permanent the increases in regular annuities provided by the act of July 16, 1952, and to extend such increases to additional annuities purchased by voluntary contributions.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 8 (c) (1) of the Civil Service Retirement Act of May 29, 1930, as amended, is amended by striking out the first and second provisos therein and inserting in lieu thereof the following: “Provided, That such increase in annuity shall not exceed the smallest of the following amounts: (1) $324, (2) 25 per centum of the annuity, including annuity purchased by voluntary contributions under the second paragraph of section 10 of this Act, as of August 31, 1952, or (3) the sum necessary to increase such annuity, exclusive of annuity purchased by voluntary contributions under the second paragraph of section 10 of this Act, to $2,160”.
Sec. 2.
Section 8 (c) (2) of the Civil Service Retirement Act of May 29, 1930, as amended, is amended to read as follows:
“(2) The increases in annuity provided by this subsection shall be paid from the civil-service retirement and disability fund.”
Sec. 3.
The amendment to section 12 (c) (1) of the Civil Service
Ante, p. 23.
Retirement Act of May 29, 1930, as amended, made by the Act of March 6, 1954, shall take effect as of March 6, 1954.
Sec. 4.
Except as provided in section 3 hereof, the amendments
Effective date.
made by this Act shall take effect on the first day of the second calendar month following the date of enactment of this Act.
Approved August 31, 1954.