Sec. 202. Treatment of surplus contributions to Federal Employees Retirement System
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Section 8423(b) of title 5, United States Code, is amended by adding at the end the following: If, for any fiscal year to which this paragraph applies, the amount determined under paragraph (1)(B) is less than zero (hereinafter in this paragraph referred to as excess postal contributions to FERS ), such amount shall be treated in accordance with the following: In the case of the first fiscal year to which this paragraph applies and for which excess postal contributions to FERS are determined, the amount of such excess contributions shall be transferred by the Secretary of the Treasury to such account as the Secretary considers appropriate so that such amount shall be used for the payment of obligations issued by the United States Postal Service under section 2005 of title 39.
In the case of any subsequent fiscal year to which this paragraph applies and for which excess postal contributions to FERS are determined, the amount of such excess contributions shall be transferred by the Secretary of the Treasury to the account to which are credited any Government contributions which are made by the United States Postal Service under section 8334(a)(1)(B) (or which would be made, but for clause
(ii)thereof). This paragraph applies to the fiscal year last ending before the date of the enactment of this paragraph and each fiscal year thereafter. In the case of any transfer under subparagraph (A)(ii) for a fiscal year corresponding to a fiscal year for which a determination of Postal surplus or supplemental liability is scheduled to be made under section 8348(h), the transfer under subparagraph (A)(ii) shall be made before such determination under section 8348(h) is made. . Section 8348(h)(1)(B)(iii) of title 5, United States Code, is amended by striking principles. and inserting principles, including any amounts described in section 8423(b)(6)(A)(ii). .