50 U.S. Code § 2143 - Alternative forms of annuities

(a) Authority for alternative form of annuity
The Director shall prescribe regulations under which any participant who has a life-threatening affliction or other critical medical condition may, at the time of retiring under this subchapter (other than under section 2051 of this title), elect annuity benefits under this section instead of any other benefits under this subchapter (including any survivor benefits under this subchapter) based on the service of the participant creditable under this subchapter.
(b) Basis for alternative forms of annuity
The regulations and alternative forms of annuity shall, to the maximum extent practicable, meet the requirements prescribed in section 8343a of title 5.
(c) Lump-sum credit
Any lump-sum credit provided pursuant to an election under subsection (a) of this section shall not preclude an individual from receiving other benefits provided under that subsection.
(d) Submission of regulations to congressional intelligence committees
The Director shall submit the regulations prescribed under subsection (a) of this section to the congressional intelligence committees before the regulations take effect.

Source

(Pub. L. 88–643, title II, § 294, as added Pub. L. 102–496, title VIII, § 802,Oct. 24, 1992, 106 Stat. 3242; amended Pub. L. 103–66, title XI, § 11002(c),Aug. 10, 1993, 107 Stat. 409.)
Prior Provisions

A prior section 294 ofPub. L. 88–643, as added Pub. L. 99–335, title V, § 505,June 6, 1986, 100 Stat. 624, related to alternative forms of annuities and was set out as a note under section 403 of this title prior to the general amendment of Pub. L. 88–643by section 802 ofPub. L. 102–496.
Amendments

1993—Subsec. (a). Pub. L. 103–66substituted “any participant who has a life-threatening affliction or other critical medical condition” for “a participant”.
Effective Date of 1993 Amendment

Amendment by Pub. L. 103–66effective Oct. 1, 1994, and applicable with respect to any annuity commencing on or after that date, see section 11002(d) ofPub. L. 103–66, set out as a note under section 8343a of Title 5, Government Organization and Employees.

 

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