10 U.S. Code § 7083 - Annuity premium to be paid by monthly installments; government reimbursement

Each civilian member shall make a monthly allotment in an amount equal to 10 percent of his monthly basic salary toward the purchase of his deferred annuity policy. For each month the allotment is in force, the pay account of the civilian member shall be credited monthly from appropriations made for this purpose with an additional amount equal to 5 percent of his monthly basic salary.

Source

(Aug. 10, 1956, ch. 1041, 70A Stat. 439; Pub. L. 89–718, § 39,Nov. 2, 1966, 80 Stat. 1120.)

Historical and Revision Notes
Revised section Source (U.S. Code) Source (Statutes at Large)
7083 34 U.S.C. 1073a. Jan. 16, 1936, ch. 3, § 2, 49 Stat. 1092.

The words “Chief, Field Branch, Bureau of Supplies and Accounts” are substituted for the words “Navy Allotment Office, Navy Department, Washington, District of Columbia”, to designate the agency through which allotments are now made.
Amendments

1966—Pub. L. 89–718removed requirement that the 10 percent monthly allotment be made through the Chief, Field Branch, Bureau of Supplies and Accounts.

 

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