22 U.S.C. § 4071e — Deductions and withholdings from pay
submitted 40 years ago by Pub. L. 96-465 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 293 words · no verdicts yet
This section requires agencies to withhold retirement contributions from participants’ basic pay. It sets different percentages, requires deposits into the Fund, and requires entries in retirement records.
(a) Basic pay*. (1) The employing agency must withhold from each participant’s basic pay the applicable percentage in (2), minus the percentage then imposed under section 3101(a) of title 26 for old-age, survivors, and disability insurance. (2)(A) For a participant* who is neither a revised annuity participant* nor a further revised annuity participant*, the applicable percentage is 7.5 before January 1, 1999; 7.75 from January 1 through December 31, 1999; 7.9 from January 1 through December 31, 2000; and 7.55 after January 11, 2003. (B) For a revised annuity participant, it is 9.85 after December 31, 2012. (C) For a further revised annuity participant, it is 11.15 after December 31, 2013.
(b) Consent; discharge of claims. Each participant is treated as agreeing to the subsection (a) deductions. Regardless of other pay laws or rules, payment after those deductions fully settles all claims for regular services during the payment period, except the participant’s right to benefits under this part based on the service.
(c) Deposit. Amounts withheld under this section must be deposited in the Treasury to the Fund* under procedures set by the Comptroller General.
(d) Records. Under the Secretary of State’s regulations, subsection (a) deductions must be entered in individual retirement records.
The employing agency shall deduct and withhold from the basic pay of each participant* the applicable percentage of basic pay specified in paragraph (2) of this subsection minus the percentage then in effect under section 3101(a) of title 26 (relating to the rate of tax for old age, survivors, and disability insurance).
The applicable percentage for a participant other than a revised annuity participant* or a further revised annuity participant* shall be as follows:
7.5 | Before January 1, 1999. | |
7.75 | January 1, 1999, to December 31, 1999. | |
7.9 | January 1, 2000, to December 31, 2000. | |
7.55 | After January 11, 2003. |
The applicable percentage for a revised annuity participant shall be as follows:
9.85 | After December 31, 2012 |
The applicable percentage for a further revised annuity participant shall be as follows:
11.15 | After December 31, 2013. |
Each participant is deemed to consent and agree to the deductions under subsection (a). Notwithstanding any law or regulation affecting the pay of a participant, payment less such deductions is a full and complete discharge and acquittance of all claims and demands for regular services during the period covered by the payment, except the right to any benefits under this part based on the service of the participant.
Amounts deducted and withheld under this section shall be deposited in the Treasury of the United States to the credit of the Fund* under such procedures as the Comptroller General of the United States may prescribe.
Under such regulations as the Secretary of State may issue, amounts deducted under subsection (a) shall be entered on individual retirement records.
Source credit: (Pub. L. 96–465, title I, § 856, as added Pub. L. 99–335, title IV, § 415, June 6, 1986, 100 Stat. 618; amended Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095; Pub. L. 105–33, title VII, § 7001(e)(1)(A), Aug. 5, 1997, 111 Stat. 661; Pub. L. 106–346, § 101(a) [title V, § 505(e)(1)], Oct. 23, 2000, 114 Stat. 1356, 1356A–53; Pub. L. 107–228, div. A, title III, § 322(b)(2), Sept. 30, 2002, 116 Stat. 1384; Pub. L. 112–96, title V, § 5002(b), Feb. 22, 2012, 126 Stat. 200; Pub. L. 113–67, div. A, title IV, § 402(b), Dec. 26, 2013, 127 Stat. 1185.)
- 1986Enacted · Pub. L. 96-465 · 100 Stat. 618
- 1986Amended · Pub. L. 99-514 · 100 Stat. 2095
- 1997Amended · Pub. L. 105-33 · 111 Stat. 661
- 2000Amended · Pub. L. 106-346 · 114 Stat. 1356, 1356
- 2002Amended · Pub. L. 107-228 · 116 Stat. 1384
- 2012Amended · Pub. L. 112-96 · 126 Stat. 200
- 2013Amended · Pub. L. 113-67 · 127 Stat. 1185
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-465 on 1986-06-06.
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