lump-sum credit

(3) the term “lump-sum credit” means the unrefunded amount consisting of— (A) retirement deductions made from the basic pay of a participant under section 4071e of this title (or under section 204 of the Federal Employees’ Retirement Contribution Temporary Adjustment Act of 1983); (B) amounts deposited by a participant under section 4071c of this title to obtain credit under this System for prior civilian or military service; and (C) interest on the deductions and deposits which, for any calendar year, shall be equal to the overall average yield to the Fund during the preceding fiscal year from all obligations purchased by the Secretary of the Treasury during such fiscal year under section 4059 of this title , as determined by the Secretary of the Treasury (compounded annually); but does not include interest— (i) if the service covered thereby aggregates 1 year or less; or (ii) for a fractional part of a month in the total service;

Source

22 USC § 4071a(3)


Scoping language

None identified. Default scope is assumed to be the entire title.
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