Sec. 608. discontinued service benefits
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/statute-compilations/comps-1457/sec-608A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 608 discontinued service benefits Section 234 of the Central Intelligence Agency Retirement Act of 1964 for Certain Employees is amended— ####
(1)by striking out in subsection
(a)“Any” and inserting in lieu thereof the following: “Subject to the limitations contained in subsections (c), (d), and (e), any”; and ####
(2)by adding at the end thereof the following: > > ### “(c) > > Whenever a participant becomes separated from the Agency without becoming eligible for an annuity or a deferred annuity under this Act and becomes entitled to receive a lump-sum payment under this section or section 241, a share of that lump-sum payment shall be paid to any former spouse of the participant in accordance with subsections
(d)and (e). > > > ### “(d) > > Unless otherwise expressly provided by any spousal agreement or court order under section 263(b), the amount of a participant's or former participant's lump-sum credit under this section or under section 241 payable to a former spouse of that participant shall be— > > > #### “(1) > > if the former spouse was married to the participant throughout the period of creditable service of the participant, 50 percent of such lump-sum credit to which such participant would be entitled in the absence of this subsection; or > > > #### “(2) > > if such former spouse was not married to the participant throughout such creditable service, an amount equal to a proportion of 50 percent of such lump-sum credit which is the proportion that the number of days of the marriage of the former spouse to the participant during periods of creditable service of such participant under this Act bears to the total number of days of such creditable service. > > Such lump-sum credit of the participant shall be reduced by the amount of the lump-sum credit payable to the former spouse. > > > ### “(e) > > A lump-sum payment under this section or section 241 of this Act may be paid by the Director to or for the benefit of a participant— > > > #### “(1) > > only upon written notification by the Director to a current spouse of the participant, if any; and > > > #### “(2) > > only if the express written concurrence of that spouse has been received by the Director.” > .