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22 U.S.C. § 276c–2Employee benefits for United States citizen-representatives to international financial institutions; Treasury Department as collecting, accounting, and depositing agency for employee payments; contributions from appropriated funds

submitted 56 years ago by Pub. L. 91-599 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 179 words · no verdicts yet

in plain englishAI-generated · not legal advice

U.S. citizens serving as Executive Directors at certain international banks can get federal employee benefits. This covers institutions like the IMF, World Bank, and regional development banks. The Treasury Department manages their retirement and health insurance payments and contributions.

Despite any other law, U.S. citizens who serve as Executive Directors, Directors, or their alternates — representing the United States at the International Monetary Fund, the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the Bank for Economic Cooperation and Development in the Middle East and North Africa, the Asian Development Bank, the African Development Fund, the African Development Bank, or the Inter-American Investment Corporation — can, at the Secretary of the Treasury's discretion, be eligible for all the employee benefits available to U.S. civil service employees, based on their service and total compensation. The Treasury Department serves as the employing office for collecting, accounting for, and depositing all these employees' retirement and health insurance payments into the Civil Service Retirement and Disability Fund, the Employees Life Insurance Fund, and the Employees Health Benefits Fund. Treasury must also make any necessary matching agency contributions, from funds appropriated to the Department of the Treasury.
the actual law source: uscode.house.gov ↗public domain

Notwithstanding the provisions of any other law, the Executive Directors and Directors and their alternates, representing the United States in the International Monetary Fund, the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the Bank for Economic Cooperation and Development in the Middle East and North Africa, the Asian Development Bank, the African Development Fund, the African Development Bank, and the Inter-American Investment Corporation, shall, if they are citizens of the United States, in the discretion of the Secretary of the Treasury, each be eligible on the basis of such service and the total compensation received therefor, for all employee benefits afforded employees in the civil service of the United States. The Treasury Department shall serve as the employing office for collecting, accounting for, and depositing in the Civil Service Retirement and Disability Fund, Employees Life Insurance Fund, and Employees Health Benefits Fund, all retirement and health insurance benefits payments made by these employees, and shall make any necessary agency contributions from funds appropriated to the Department of the Treasury.

Source credit: (Pub. L. 91–599, ch. 5, § 51, Dec. 30, 1970, 84 Stat. 1659; Pub. L. 95–612, § 4, Nov. 8, 1978, 92 Stat. 3092; Pub. L. 97–35, title XIII, § 1342(d), Aug. 13, 1981, 95 Stat. 743; Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885; Pub. L. 101–513, title V, § 562(c)(10)(C), Nov. 5, 1990, 104 Stat. 2036; Pub. L. 104–208, div. A, title I, § 101(c) [title VII, § 710(c)], Sept. 30, 1996, 110 Stat. 3009–121, 3009–181.)

history & why it existsrecord from the source credit
  • 1970Enacted · Pub. L. 91-599 · 84 Stat. 1659
  • 1978Amended · Pub. L. 95-612 · 92 Stat. 3092
  • 1981Amended · Pub. L. 97-35 · 95 Stat. 743
  • 1984Amended · Pub. L. 98-473 · 98 Stat. 1884, 1885
  • 1990Amended · Pub. L. 101-513 · 104 Stat. 2036
  • 1996Amended · Pub. L. 104-208 · 110 Stat. 3009

A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-599 on 1970-12-30.

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