10 U.S.C. § 1438 — Deposits for amounts not deducted
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 60 words · no verdicts yet
A person receiving retired or retainer pay who elected an annuity must deposit the missed deduction if that pay stops for a period. The deposit keeps the annuity funding amount accounted for.
If a retired person, or a person entitled to retired or retainer pay*, elected an annuity under this subchapter but is not entitled to retired or retainer pay for a period, the person must deposit in the Treasury the amount that otherwise would have been deducted from that pay to fund the annuity.
If, for any period, a person who has been retired or has become entitled to retired or retainer pay*, and who has elected an annuity under this subchapter, is not entitled to retired or retainer pay, he must deposit in the Treasury the amount that would otherwise have been deducted from his pay for that period to provide the annuity.
Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 110; Pub. L. 92–425, § 1(2)(A), Sept. 21, 1972, 86 Stat. 706.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 1972Amended · Pub. L. 92-425 · 86 Stat. 706
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
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