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50 U.S.C. § 2021 — Contributions to fund
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
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Stable record: federal_law:legal_authorities:record_usc_422b6ab089c3b8c3e8a8aa87
Source file: Laws/federal/codes/united-states-code/title-50/section-2021-contributions-to-fund--bd16bbf31d.md
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Source location: Title 50, Chapter 38, § 2021; chapter-038-central-intelligence-agency-retirement-and-disability.md
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**(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 the fund.
**(b) Consent of participant to deductions from pay** Each participant shall be deemed to consent and agree to such deductions from basic pay, and payment less such deductions shall be a full and complete discharge and acquittance of all claims and demands whatsoever for all regular services during the period covered by such payment, except the right to the benefits to which the participant is entitled under this subchapter, notwithstanding any law, rule, or regulation affecting the individual’s pay.
**(c) Treatment of contributions after 35 years of service**
(1) **Accrual of interest** — Amounts deducted and withheld from the basic pay of a participant under this section for pay periods after the first day of the first pay period beginning after the day on which the participant completes 35 years of creditable service computed under sections 2081 and 2082 of this title (excluding service credit for unused sick leave under [section 2031(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2031/a/2&num=0&edition=prelim)) shall accrue interest. Such interest shall accrue at the rate of 3 percent a year through December 31, 1984, and thereafter 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), and shall be compounded annually from the date on which the amount is so deducted and withheld until the date of the participant’s retirement or death.
(2) **Use of amounts withheld after 35 years of service**
(A) *Use for deposits due under section 2082(b)* — Amounts described in paragraph (1), including interest accrued on such amounts, shall be applied upon the participant’s retirement or death toward any deposit due under [section 2082(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2082/b&num=0&edition=prelim).
(B) *Lump-sum payment* — Any balance of such amounts not so required for such a deposit shall be refunded to the participant in a lump sum after the participant’s separation (or, in the event of a death in service, to a beneficiary in 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)), subject to prior notification of a current spouse, if any, unless the participant establishes to the satisfaction of the Director, in accordance with regulations which the Director may prescribe, that the participant does not know, and has taken all reasonable steps to determine, the whereabouts of the current spouse.
(C) *Purchases of additional elective benefits* — In lieu of such a lump-sum payment, the participant may use such amounts—
(i) to purchase an additional annuity in accordance with [section 2121 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2121&num=0&edition=prelim); or
(ii) provide any additional survivor benefit for a current or former spouse or spouses.
**(d) Offset for social security taxes**
(1) **Persons covered** — In the case of a participant who was a participant subject to this subchapter before January 1, 1984, and whose service—
(A) is employment for the purposes of title II of the Social Security Act [[42 U.S.C. 401](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section401&num=0&edition=prelim) et seq.] and chapter 21 of title 26, and
(B) is not creditable service for any purpose under subchapter III of this chapter or chapter 84 of title 5,
there shall be deducted and withheld from the basic pay of the participant under this section during any pay period only the amount computed under paragraph (2).
(2) **Reduction in contribution** — The amount deducted and withheld from the basic pay of a participant during any pay period pursuant to paragraph (1) shall be the excess of—
(A) the amount determined by multiplying the percent applicable to the participant under subsection (a) by the basic pay payable to the participant for that pay period, over
(B) the amount of the taxes deducted and withheld from such basic pay under [section 3101(a) of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section3101/a&num=0&edition=prelim) (relating to old-age, survivors, and disability insurance) for that pay period.
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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
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2121
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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
**(a) Federal Old-Age and Survivors Insurance Trust Fund** There is hereby created on the books of the Treasury of the United States a trust fund to be known as the “Federal Old-Age and Survivors Insurance Trust Fund”. The Federal Old-Age and Survivors Insurance Trust Fund shall consist of the securities held by the Secretary of the Treasury for the Old-Age Reserve Account and the amount standing to the credit of the Old-Age Reserve Account on the books of the Treasury on January 1, 1940, which securities and amount the Secretary of the Treasury is authorized and directed to transfer to the Federal Old-Age and Survivors Insurance Trust Fund, and, in addition, such gifts and bequests as may be made as provided in subsection (i)(1), and such amounts as may be appropriated to, or deposited in, the Federal Old-Age and Survivors Insurance Trust Fund as hereinafter provided. There is hereby appropriated to the Federal Old-Age and Survivors Insurance Trust Fund for the fiscal year ending June 30, 1941, and for each fiscal year thereafter, out of any moneys in the Treasury not otherwise appropriated, amounts equivalent to 100 per centum of—
(1) the taxes (including interest, penalties, and additions to the taxes) received under subchapter A of chapter 9 of the Internal Revenue Code of 1939 (and covered into the Treasury) which are deposited into the Treasury by collectors of internal revenue before January 1, 1951; and
(2) the taxes certified each month by the Commissioner of Internal Revenue as taxes received under subchapter A of chapter 9 of such Code which are deposited into the Treasury by collectors of internal revenue after December 31, 1950, and before January 1, 1953, with respect to assessments of such taxes made before January 1, 1951; and
(3) the taxes imposed by
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 401
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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
This chapter may be cited as the “Social Security Act”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1305
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1)
(A) The employing agency shall deduct and withhold from the basic pay of an employee, Member, Congressional employee, law enforcement officer, firefighter, bankruptcy judge, judge of the United States Court of Appeals for the Armed Forces, United States magistrate,11 So in original. Probably should be “United States magistrate judge,”. Court of Federal Claims judge, member of the Capitol Police, member of the Supreme Court Police, nuclear materials courier, or customs and border protection officer, as the case may be, the percentage of basic pay applicable under subsection (c).
(B)
(i) Except as provided in clause (ii), an equal amount shall be contributed from the appropriation or fund used to pay the employee or, in the case of an elected official, from an appropriation or fund available for payment of other salaries of the same office or establishment. When an employee in the legislative branch is paid by the Chief Administrative Officer of the House of Representatives, the Chief Administrative Officer may pay from the applicable accounts of the House of Representatives the contribution that otherwise would be contributed from the appropriation or fund used to pay the employee.
(ii) In the case of an employee of the United States Postal Service, no amount shall be contributed under this subparagraph.
(2) The amounts so deducted and withheld, together with the amounts so contributed, shall be deposited in the Treasury of the United States to the credit of the Fund under such procedures as the Secretary of the Treasury may prescribe. Deposits made by an employee or Member also shall be credited to the Fund.
**(b)** Each employee or Member is deemed to consent and agree to these deductions from basic pay. Notwithstanding any law or regulat
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8334
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to recall** The Director may, with the consent of a retired participant, recall that participant to service in the Agency whenever the Director determines that such recall is in the public interest.
**(b) Pay of retired participant while serving** A retired participant recalled to duty in the Agency under subsection (a) or reinstated or reappointed in accordance with [section 2051(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2051/c&num=0&edition=prelim) shall, while so serving, be entitled, in lieu of the retired participant’s annuity, to the full basic pay of the grade in which the retired participant is serving. During such service, the retired participant shall make contributions to the fund in accordance with [section 2021 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2021&num=0&edition=prelim).
**(c) Recomputation of annuity** When the retired participant reverts to retired status, the annuity of the retired participant shall be redetermined in accordance with [section 2031 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2031&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2111
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Federal law — U.S. Code and appendices · legal_authorities
Page 1800
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 401
§ 401. Trust Funds
(a) Federal Old-Age and Survivors Insurance
Trust Fund
There is hereby created on the books of the
Treasury of the United States a trust fund to be
known as the ‘‘Federal Old-Age and Survivors
Insurance Trust Fund’’. The Federal Old-Age
and Survivors Insurance Trust Fund shall con-
sist of the securities held by the Secretary of
the Treasury for the Old-Age Reserve Account
and the amount standing to the credit of the
Old-Age Reserve Account on the books of the
Treasury on January 1, 1940, which securities
and amount the Secretary of the Treasury is au-
thorized and directed to transfer to the Federal
Old-Age and Survivors Insurance Trust Fund,
and, in addition, such gifts and bequests as may
be made as provided in subsection (i)(1), and
such amounts as may be appropriated to, or de-
posited in, the Federal Old-Age and Survivors
Insurance Trust Fund as hereinafter provided.
There is hereby appropriated to the Federal Old-
Age and Survivors Insurance Trust Fund for the
fiscal year ending June 30, 1941, and for each fis-
cal year thereafter, out of any moneys in the
Treasury not otherwise appropriated, amounts
equivalent to 100 per centum of—
(1) the taxes (including interest, penalties,
and additions to the taxes) received under sub-
chapter A of chapter 9 of the Internal Revenue
Code of 1939 (and covered into the Treasury)
which are deposited into the Treasury by col-
lectors of internal revenue before January 1,
1951; and
(2) the taxes certified each month by the
Commissioner of Internal Revenue as taxes re-
ceived under subchapter A of chapter 9 of such
Code which are deposited into the Treasury by
collectors of internal revenue after December
31, 1950, and before Ja
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 401
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Federal law — U.S. Code and appendices · legal_authorities
Page 331
TITLE 50—WAR AND NATIONAL DEFENSE
§ 2021
Editorial Notes
REFERENCES IN TEXT
The Central Intelligence Agency Retirement Act of
1964 for Certain Employees, referred to in text, is Pub.
L. 88–643, Oct. 13, 1964, 78 Stat. 1043, which was formerly
set out as a note under section 403 of this title. Pub. L.
88–643 was revised generally by Pub. L. 102–496, title
VIII, § 802, Oct. 24, 1992, 106 Stat. 3196, and is now known
as the Central Intelligence Agency Retirement Act. As
so revised, title II of Pub. L. 88–643 is classified gen-
erally to this subchapter.
PRIOR PROVISIONS
A prior section 202 of Pub. L. 88–643, title II, Oct. 13,
1964, 78 Stat. 1043, related to establishment and mainte-
nance of the Central Intelligence Agency Retirement
and Disability Fund and was set out as a note under
section 403 of this title prior to the general amendment
of Pub. L. 88–643 by section 802 of Pub. L. 102–496.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective on first day of fourth month begin-
ning after Oct. 24, 1992, see section 805 of Pub. L.
102–496, set out as a note under section 2001 of this title.
§ 2013. Participants in CIARDS system
(a) Designation of participants
The Director may from time to time designate
employees of the Agency who shall be entitled
to participate in the system. Employees so des-
ignated who elect to participate in the system
are referred to in this chapter as ‘‘participants’’.
(b) Qualifying service
Designation of employees under this section
may be made only from among employees of the
Agency who have completed at least 5 years of
qualifying service. For purposes of this chapter,
qualifying service is service performed by an
Agency employee in carrying out duties that are
determined by the Di
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 2021
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