Sec. 861. Foreign Service Retirement and Disability System
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Section 805(a) of the Foreign Service Act of 1980 ( 22 U.S.C. 4045(a) ) is amended— in paragraph (1)— by striking Except as otherwise provided in this section, 7.25 percent and all that follows through the period at the end and inserting the following: “(A) Except as provided in this section, a percentage of the basic salary received by each participant shall be deducted from the salary and contributed to the Fund for the payment of annuities, cash benefits, refunds, and allowances, as follows:
For each year prior to 2014, 7.25 percent. For 2014, 8 percent. For 2015, 8.75 percent. For each year after 2015, 9.55 percent. ; and by adding at the end the following new subparagraph: Except as provided under section 7001(d)(1) of the Balanced Budget Act of 1997 ( Public Law 105–33 ; 22 U.S.C. 4045 note) and section 505(h) of the Department of Transportation and Related Agencies Appropriations Act, 2001 (as enacted by Public Law 106–346 ; 114 Stat. 1356A–54), the employing agency shall contribute to the Fund, from the appropriations or fund used for payment of the salary of the participant, an amount equal to 7.5 percent of the basic salary received by a participant. ; and in paragraph (3), by striking paragraph
(1)shall be applied by substituting for “7 percent” the percentage and inserting subparagraph
(A)of paragraph
(1)shall be applied by substituting for the applicable percentage under such subparagraph the percentage . The table in section 805(d)(1) of such Act is amended by striking the item related to After December 31, 2000 and inserting the following new items: January 1, 2001, through December 31, 2013, inclusive 7.25 January 1, 2014, through December 31, 2014, inclusive 8 January 1, 2015, through December 31, 2015, inclusive 8.75 After December 31, 2015 9.55 . Section 805(e) of such Act is amended— by striking
(1)Subject to paragraph
(5)and inserting (1)(A) Subject to paragraph
(5); and by striking special contribution equal to 7 percent and all that follows through December 1956. The amount of such payments and inserting the following: “special contribution equal to a percentage of the amount of basic pay paid under section 204 of title 37, United States Code, to the participant for each period of military or naval service after December 1956, as follows: For each year prior to 2014, 7.25 percent. For 2014, 8 percent. For 2015, 8.75 percent. For each year after 2015, 9.55 percent. The amount of such payments .
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- Pub. L. 105-33
- Pub. L. 106-346
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Sec. 861
Foreign Service Retirement and Disability System
Pub. L.Pub. L. 105-33
Pub. L.Pub. L. 106-346
Cites 3Cited by 0 across 0 sources