50 U.S.C. § 2143 — Alternative forms of annuities
submitted 34 years ago by Pub. L. 88-643 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 162 words · no verdicts yet
The Director must create regulations allowing certain participants with life-threatening or other critical medical conditions to choose an alternative annuity when retiring. The regulations must generally follow the requirements of 5 U.S.C. § 8343a, and the Director must submit them to the congressional intelligence committees before they take effect.
(a) Authority for alternative form of annuity. The Director* must issue regulations under which a participant with a life-threatening affliction or another critical medical condition may, when retiring under this subchapter other than under section 2051, choose the annuity benefits in this section instead of any other benefits under this subchapter. This includes any survivor benefits under this subchapter and is based on the participant’s creditable service under this subchapter.
(b) Basis for alternative forms of annuity. To the greatest extent practicable, the regulations and alternative annuity forms must meet the requirements in section 8343a of title 5.
(c) Lump-sum credit*. A lump-sum credit provided because of an election under subsection (a) does not prevent an individual from receiving other benefits provided under that subsection.
(d) Submission of regulations to congressional intelligence committees*. Before the regulations take effect, the Director must submit the regulations issued under subsection (a) to the congressional intelligence committees. This section does not define “life-threatening affliction,” “critical medical condition,” “annuity,” “survivor benefits,” or “creditable service.”
The Director* shall prescribe regulations under which any participant who has a life-threatening affliction or other critical medical condition may, at the time of retiring under this subchapter (other than under section 2051 of this title), elect annuity benefits under this section instead of any other benefits under this subchapter (including any survivor benefits under this subchapter) based on the service of the participant creditable under this subchapter.
The regulations and alternative forms of annuity shall, to the maximum extent practicable, meet the requirements prescribed in section 8343a of title 5.
Any lump-sum credit provided pursuant to an election under subsection (a) shall not preclude an individual from receiving other benefits provided under that subsection.
The Director shall submit the regulations prescribed under subsection (a) to the congressional intelligence committees before the regulations take effect.
Source credit: (Pub. L. 88–643, title II, § 294, as added Pub. L. 102–496, title VIII, § 802, Oct. 24, 1992, 106 Stat. 3242; amended Pub. L. 103–66, title XI, § 11002(c), Aug. 10, 1993, 107 Stat. 409.)
- 1992Enacted · Pub. L. 88-643 · 106 Stat. 3242
- 1993Amended · Pub. L. 103-66 · 107 Stat. 409
A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-643 on 1992-10-24.
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