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50 U.S.C. § 2121 — Voluntary contributions
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority for voluntary contributions**
(1) **In general** — Under such regulations as may be prescribed by the Director, a participant may voluntarily contribute additional sums in multiples of one percent of the participant’s basic pay, but not in excess of 10 percent of such basic pay.
(2) **Interest** — The voluntary contribution account in each case is the sum of unrefunded contributions, plus interest—
(A) for periods before January 1, 1985, at 3 percent a year; and
(B) for periods on or after January 1, 1985, at the rate computed under [section 8334(e) of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8334/e&num=0&edition=prelim),
compounded annually to the date of election under subsection (b) or the date of payment under subsection (d).
**(b) Treatment of voluntary contributions** Effective on the date of retirement and at the election of the participant, the participant’s account shall be—
(1) returned in a lump sum;
(2) used to purchase an additional life annuity;
(3) used to purchase an additional life annuity for the participant and to provide for a cash payment on the participant’s death to a beneficiary; or
(4) used to purchase an additional life annuity for the participant and a life annuity commencing on the participant’s death payable to a beneficiary, with a guaranteed return to the beneficiary or the beneficiary’s legal representative of an amount equal to the cash payment referred to in paragraph (3).
In the case of a benefit provided under paragraph (3) or (4), the participant shall notify the Director in writing of the name of the beneficiary of the cash payment or life annuity to be paid upon the participant’s death.
**(c) Value of benefits** The benefits provided by subsection (b)(2), (3
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Source file: Laws/federal/codes/united-states-code/title-50/section-2121-voluntary-contributions--d0a203bc1f.md
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Source location: Title 50, Chapter 38, § 2121; chapter-038-central-intelligence-agency-retirement-and-disability.md
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**(a) Authority for voluntary contributions**
(1) **In general** — Under such regulations as may be prescribed by the Director, a participant may voluntarily contribute additional sums in multiples of one percent of the participant’s basic pay, but not in excess of 10 percent of such basic pay.
(2) **Interest** — The voluntary contribution account in each case is the sum of unrefunded contributions, plus interest—
(A) for periods before January 1, 1985, at 3 percent a year; and
(B) for periods on or after January 1, 1985, at the rate computed under [section 8334(e) of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8334/e&num=0&edition=prelim),
compounded annually to the date of election under subsection (b) or the date of payment under subsection (d).
**(b) Treatment of voluntary contributions** Effective on the date of retirement and at the election of the participant, the participant’s account shall be—
(1) returned in a lump sum;
(2) used to purchase an additional life annuity;
(3) used to purchase an additional life annuity for the participant and to provide for a cash payment on the participant’s death to a beneficiary; or
(4) used to purchase an additional life annuity for the participant and a life annuity commencing on the participant’s death payable to a beneficiary, with a guaranteed return to the beneficiary or the beneficiary’s legal representative of an amount equal to the cash payment referred to in paragraph (3).
In the case of a benefit provided under paragraph (3) or (4), the participant shall notify the Director in writing of the name of the beneficiary of the cash payment or life annuity to be paid upon the participant’s death.
**(c) Value of benefits** The benefits provided by subsection (b)(2), (3), or (4) shall be actuarially equivalent in value to the payment provided for in subsection (b)(1) and shall be calculated upon such tables of mortality as may be from time to time prescribed for this purpose by the Director.
**(d) Lump-sum payment** A voluntary contribution account shall be paid in a lump sum at such time as the participant dies or separates from the Agency without entitlement to an annuity. In the case of death, the account shall be paid in the order of precedence specified in [section 2071(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2071/c&num=0&edition=prelim).
**(e) Benefits in addition to other benefits** Any benefit payable to a participant or to the participant’s beneficiary with respect to the additional contributions provided under this section shall be in addition to benefits otherwise provided under this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section 402b, comprising section 902 of the Counterintelligence Enhancement Act of 2002, Pub. L. 107–306, title IX, and also of the Intelligence Authorization Act for Fiscal Year 2003, Pub. L. 107–306, was editorially reclassified as [section 3382 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3382&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 403
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Federal law — U.S. Code and appendices · legal_authorities
When used in this chapter:
(1) **Agency** — The term “Agency” means the Central Intelligence Agency.
(2) **Director** — The term “Director” means the Director of the Central Intelligence Agency.
(3) **Qualifying service** — The term “qualifying service” means service determined by the Director to have been performed in carrying out duties described in [section 2013 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2013&num=0&edition=prelim).
(4) **Fund balance** — The term “fund balance” means the sum of—
(A) the investments of the fund calculated at par value; and
(B) the cash balance of the fund on the books of the Treasury.
(5) **Unfunded liability** — The term “unfunded liability” means the estimated amount by which—
(A) the present value of all benefits payable from the fund exceeds
(B) the sum of—
(i) the present value of deductions to be withheld from the future basic pay of participants subject to subchapter II and of future Agency contributions to be made on the behalf of such participants;
(ii) the present value of Government payments to the fund under sections 2091(c) and 2091(d) of this title; and
(iii) the fund balance as of the date on which the unfunded liability is determined.
(6) **Normal cost** — The term “normal cost” means the level percentage of payroll required to be deposited in the fund to meet the cost of benefits payable under the system (computed in accordance with generally accepted actuarial practice on an entry-age basis) less the value of retirement benefits earned under another retirement system for government employees and less the cost of credit allowed for military service.
(7) **Lump-sum credit** — The term “lump-sum credit” means the unrefunded amount consisti
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2001
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general**
(1) **Definition** — In this subsection, the term “revised annuity participant” means an individual who—
(A) on December 31, 2012—
(i) is not a participant;
(ii) is not performing qualifying service; and
(iii) has less than 5 years of qualifying service; and
(B) after December 31, 2012, becomes a participant performing qualifying service.
(2) **Contributions**
(A) *In general* — Except as provided in subsection (d), 7 percent of the basic pay received by a participant other than a revised annuity participant for any pay period shall be deducted and withheld from the pay of that participant and contributed to the fund.
(B) *Revised annuity participants* — Except as provided in subsection (d), 9.3 percent of the basic pay received by a revised annuity participant for any pay period shall be deducted and withheld from the pay of that revised annuity participant and contributed to the fund.
(3) **Agency contributions**
(A) *In general* — An amount equal to 7 percent of the basic pay received by a participant other than a revised annuity participant shall be contributed to the fund for a pay period for the participant from the appropriation or fund which is used for payment of the participant’s basic pay.
(B) *Revised annuity participants* — An amount equal to 4.7 percent of the basic pay received by a revised annuity participant shall be contributed to the fund for a pay period for the revised annuity participant from the appropriation or fund which is used for payment of the revised annuity participant’s basic pay.
(4) **Deposits to the fund** — The amounts deducted and withheld from basic pay, together with the amounts so contributed from the appropriation or fund, shall be deposited by the Director to the credit of
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2021
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Return of contributions when no annuity payable** If a participant dies and no claim for an annuity is payable under this subchapter, the participant’s lump-sum credit and any voluntary contributions made under [section 2121 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2121&num=0&edition=prelim), with interest, shall be paid in the order of precedence shown in [section 2071(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2071/c&num=0&edition=prelim).
**(b) Survivor annuity for surviving spouse or former spouse**
(1) **In general** — If a participant dies before separation or retirement from the Agency and is survived by a spouse or by a former spouse qualifying for a survivor annuity under [section 2032(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2032/b&num=0&edition=prelim), such surviving spouse shall be entitled to an annuity equal to 55 percent of the annuity computed in accordance with paragraphs (2) and (3) of this subsection and [section 2031(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2031/a&num=0&edition=prelim), and any such surviving former spouse shall be entitled to an annuity computed in accordance with [section 2032(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2032/b&num=0&edition=prelim) and paragraph (2) of this subsection as if the participant died after being entitled to an annuity under this subchapter. The annuity of such surviving spouse or former spouse shall commence on the day after the participant dies and shall terminate on the last day of the month before the death or remarriage before attaining ag
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2052
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Exemption from legal process** Except as provided in subsections (b), (c), and (e), none of the moneys mentioned in this subchapter shall be assignable either in law or equity, or be subject to execution, levy, attachment, garnishment, or other legal process, except as otherwise may be provided by Federal laws.
**(b) Payment to former spouses under court order or spousal agreement** In the case of any participant, former participant, or retired participant who has a former spouse who is covered by a court order or who is a party to a spousal agreement—
(1) any right of the former spouse to any annuity under [section 2032(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2032/a&num=0&edition=prelim) in connection with any retirement or disability annuity of the participant, and the amount of any such annuity;
(2) any right of the former spouse of a participant or retired participant to a survivor annuity under section 2032(b) or 2032(c) of this title, and the amount of any such annuity; and
(3) any right of the former spouse of a former participant to any payment of a lump-sum credit under [section 2071(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2071/b&num=0&edition=prelim), and the amount of any such payment;
shall be determined in accordance with that spousal agreement or court order, if and to the extent expressly provided for in the terms of the spousal agreement or court order that are not inconsistent with the requirements of this subchapter.
**(c) Other payments under court orders** Payments under this subchapter that would otherwise be made to a participant, former participant, or retired participant based upon that participant’s service shall be paid, in who
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2094
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Federal law — U.S. Code and appendices · legal_authorities
Page 361
TITLE 50—WAR AND NATIONAL DEFENSE
§ 2131
PART I—VOLUNTARY CONTRIBUTIONS
§ 2121. Voluntary contributions
(a) Authority for voluntary contributions
(1) In general
Under such regulations as may be prescribed
by the Director, a participant may voluntarily
contribute additional sums in multiples of one
percent of the participant’s basic pay, but not
in excess of 10 percent of such basic pay.
(2) Interest
The voluntary contribution account in each
case is the sum of unrefunded contributions,
plus interest—
(A) for periods before January 1, 1985, at 3
percent a year; and
(B) for periods on or after January 1, 1985,
at the rate computed under section 8334(e) of
title 5,
compounded annually to the date of election
under subsection (b) or the date of payment
under subsection (d).
(b) Treatment of voluntary contributions
Effective on the date of retirement and at the
election of the participant, the participant’s ac-
count shall be—
(1) returned in a lump sum;
(2) used to purchase an additional life annu-
ity;
(3) used to purchase an additional life annu-
ity for the participant and to provide for a
cash payment on the participant’s death to a
beneficiary; or
(4) used to purchase an additional life annu-
ity for the participant and a life annuity com-
mencing on the participant’s death payable to
a beneficiary, with a guaranteed return to the
beneficiary or the beneficiary’s legal rep-
resentative of an amount equal to the cash
payment referred to in paragraph (3).
In the case of a benefit provided under para-
graph (3) or (4), the participant shall notify the
Director in writing of the name of the bene-
ficiary of the cash payment or life annuity to be
paid upon the participant’s death.
(c) Value of benefits
The benefits provided by subse
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 2121
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.