10 U.S.C. § 8583 — Annuity premium to be paid by monthly installments; government reimbursement
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 66 words · no verdicts yet
This section concerns Annuity premium to be paid by monthly installments; government reimbursement. It states the definitions, duties, permissions, requirements, exceptions, reports, or other rules set out in the section.
Each civilian member* must 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 must be credited monthly from appropriations made for this purpose with an additional amount equal to 5 percent of his monthly basic salary.
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 credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 439, § 7083; Pub. L. 89–718, § 39, Nov. 2, 1966, 80 Stat. 1120; renumbered § 8583, Pub. L. 115–232, div. A, title VIII, § 807(c)(1), Aug. 13, 2018, 132 Stat. 1836.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 1966Amended · Pub. L. 89-718 · 80 Stat. 1120
- 2018Amended · Pub. L. 115-232 · 132 Stat. 1836
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
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