Each civilian member who retires under section 8584 of this title is entitled to a life annuity computed by multiplying his average annual compensation during any five consecutive years of allowable service, at his option, by his number of years of service, not exceeding 35, and dividing the product by 70. The retirement annuity payable to a retired civilian member under a policy required by section 8582 of this title is counted as part of the retirement annuity provided in this section. Any difference between the amount received by the retired civilian member under his annuity policy and the total annual amount to which he is entitled under this section shall be paid to him by the Secretary of the Navy from appropriations made for this purpose.
10 U.S. Code § 8585 - Computation of life annuity
Historical and Revision Notes |
||
---|---|---|
Revised section |
Source (U.S. Code) |
Source (Statutes at Large) |
7085 |
34 U.S.C. 1073c–1 (less 2d proviso). |
Jan. 16, 1936, ch. 3, § 4A (less 2d proviso); added Nov. 28, 1943, ch. 331, § 1, 57 Stat. 594. |
The words “terminable on his death at the rate of the following total annual amount” are omitted as surplusage, since they are covered by the words “life annuity”.
The words “basic salary, pay, or” are omitted as surplusage, since they are covered by the word “compensation”. The first proviso is omitted as unnecessary, since all existing rights and benefits of persons affected by this title are protected by a general saving provision.
2018—Pub. L. 115–232, § 809(a), substituted “section 8584” for “section 7084” and “section 8582” for “section 7082”.
Pub. L. 115–232, § 807(c)(1), renumbered section 7085 of this title as this section.
Amendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of amendments and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title.
Pub. L. 85–861, § 30, Sept. 2, 1958, 72 Stat. 1563, provided that:
Pub. L. 85–40, May 31, 1957, 71 Stat. 42, provided:
“If annuity commences between— |
Portion of annuity not in excess of $1,500 shall be increased by— |
Portion of annuity in excess of $1,500 shall be increased by— |
---|---|---|
|
per centum |
per centum |
Jan. 16, 1936, and June 30, 1955 |
12 |
8 |
July 1, 1955, and Dec. 31, 1955 |
10 |
7 |
Jan. 1, 1956, and June 30, 1956 |
8 |
6 |
July 1, 1956, and Dec. 31, 1956 |
6 |
4 |
Jan. 1, 1957, and June 30, 1957 |
4 |
2 |
July 1, 1957, and Dec. 31, 1957 |
2 |
1 |