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50 U.S.C. § 2131 — Cost-of-living adjustment of annuities

Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 2131 — Cost-of-living adjustment of annuities

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Source file: Laws/federal/codes/united-states-code/title-50/section-2131-cost-of-living-adjustment-of-annuities--2da2b60af2.md
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Source location: Title 50, Chapter 38, § 2131; chapter-038-central-intelligence-agency-retirement-and-disability.md

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**(a) In general** Each annuity payable from the fund shall be adjusted as follows: (1) Each cost-of-living annuity increase under this section shall be identical to the corresponding percentage increase under [section 8340(b) of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8340/b&num=0&edition=prelim). (2) A cost-of-living increase made under paragraph (1) shall become effective under this section on the effective date of each such increase under [section 8340(b) of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8340/b&num=0&edition=prelim). Except as provided in subsection (b), each such increase shall be applied to each annuity payable from the fund which has a commencing date not later than the effective date of the increase. **(b) Eligibility** Eligibility for an annuity increase under this section shall be governed by the commencing date of each annuity payable from the fund as of the effective date of an increase, except as follows: (1) The first cost-of-living increase (if any) made under subsection (a) to an annuity which is payable from the fund to a participant who retires, to the surviving spouse, former spouse, or previous spouse of a participant who dies in service, or to the surviving spouse, former spouse, previous spouse, or insurable interest designee of a deceased annuitant whose annuity has not been increased under this subsection or subsection (a), shall be equal to the product (adjusted to the nearest ⅒ of one percent) of— (A) 1⁄12 of the applicable percent change computed under subsection (a), multiplied by (B) the number of months (not to exceed 12 months, counting any portion of a month as a month)— (i) for which the annuity was payable from the fund before the effective date of the increase, or (ii) in the case of a surviving spouse, former spouse, previous spouse, or insurable interest designee of a deceased annuitant whose annuity has not been so increased, since the annuity was first payable to the deceased annuitant. (2) Effective from its commencing date, an annuity payable from the fund to an annuitant’s survivor (other than a child entitled to an annuity under [section 2031(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2031/d&num=0&edition=prelim)) shall be increased by the total percentage increase the annuitant was receiving under this section at death. (3) For purposes of computing the annuity of a child under [section 2031(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2031/d&num=0&edition=prelim) that commences after October 31, 1969, the dollar amounts specified in [section 2031(d)(3) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2031/d/3&num=0&edition=prelim) shall each be increased by the total percentage increases allowed and in force under this section on or after such day and, in the case of a deceased annuitant, the percentages specified in that section shall be increased by the total percent allowed and in force to the annuitant under this section on or after such day. **(c) Limitation** An annuity increase provided by this section may not be computed on any additional annuity purchased at retirement by voluntary contributions. **(d) Rounding to next lower dollar** The monthly annuity installment, after adjustment under this section, shall be rounded to the next lowest dollar, except that such installment shall, after adjustment, reflect an increase of at least $1. **(e) Limitation on maximum amount of annuity** (1) **In general** — An annuity shall not be increased by reason of an adjustment under this section to an amount which exceeds the greater of— (A) the maximum pay payable for GS–15 30 days before the effective date of the adjustment under this section; or (B) the final pay (or average pay, if higher) of the participant with respect to whom the annuity is paid, increased by the overall annual average percentage adjustments (compounded) in the rates of pay of the General Schedule under subchapter I of chapter 53 of title 5 during the period— (i) beginning on the date on which the annuity commenced (or, in the case of a survivor of the retired participant, the date on which the participant’s annuity commenced), and (ii) ending on the effective date of the adjustment under this section. (2) **“Pay” defined** — For purposes of paragraph (1), the term “pay” means the rate of salary or basic pay as payable under any provision of law, including any provision of law limiting the expenditure of appropriated funds.

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 403 — Transferred

### 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

5 U.S.C. § 8340 — Cost-of-living adjustment of annuities

**(a)** For the purpose of this section— (1) the term “base quarter”, as used with respect to a year, means the calendar quarter ending on September 30, of such year; and (2) the price index for a base quarter is the arithmetical mean of such index for the 3 months comprising such quarter. **(b)** Except as provided in subsection (c) of this section, effective December 1 of each year, each annuity payable from the Fund having a commencing date not later than such December 1 shall be increased by the percent change in the price index for the base quarter of such year over the price index for the base quarter of the preceding year in which an adjustment under this subsection was made, adjusted to the nearest ⅒ of 1 percent. **(c)** Eligibility for an annuity increase under this section is governed by the commencing date of each annuity payable from the Fund as of the effective date of an increase, except as follows: (1) The first increase (if any) made under subsection (b) of this section to an annuity which is payable from the Fund to an employee or Member who retires, to the widow, widower, or former spouse,11 So in original. The comma probably should not appear. of a deceased employee or Member, or to the widow, widower, former spouse, or insurable interest designee of a deceased annuitant whose annuity has not been increased under this subsection or subsection (b) of this section, shall be equal to the product (adjusted to the nearest ⅒ of 1 percent) of— (A) 1⁄12 of the applicable percent change computed under subsection (b) of this section, multiplied by (B) the number of months (not to exceed 12 months, counting any portion of a month as a month)— (i) for which the annuity was payable from the Fund before the effective date of the increase, or (

Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8340

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 2001 — Definitions relating to the system

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

5 U.S.C. § 5332 — The General Schedule

**(a)** (1) The General Schedule, the symbol for which is “GS”, is the basic pay schedule for positions to which this subchapter applies. Each employee to whom this subchapter applies is entitled to basic pay in accordance with the General Schedule. (2) The General Schedule is a schedule of annual rates of basic pay, consisting of 15 grades, designated “GS–1” through “GS–15”, consecutively, with 10 rates of pay for each such grade. The rates of pay of the General Schedule are adjusted in accordance with section 5303. **(b)** When payment is made on the basis of an hourly, daily, weekly, or biweekly rate, the rate is computed from the appropriate annual rate of basic pay named by subsection (a) of this section in accordance with the rules prescribed by [section 5504(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5504/b&num=0&edition=prelim).

Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 5332

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 2031 — Computation of annuities

**(a) Annuity of participant** (1) **Computation of annuity** — The annuity of a participant is the product of— (A) the participant’s high-3 average pay (as defined in paragraph (4)); and (B) the number of years, not exceeding 35, of service credit (determined in accordance with sections 2081 and 2082 of this title) multiplied by 2 percent. (2) **Credit for unused sick leave** — The total service of a participant who retires on an immediate annuity (except under [section 2051 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2051&num=0&edition=prelim)) or who dies leaving a survivor or survivors entitled to an annuity shall include (without regard to the 35-year limitation prescribed in paragraph (1)) the days of unused sick leave to the credit of the participant. Days of unused sick leave may not be counted in determining average basic pay or eligibility for an annuity under this subchapter. A deposit shall not be required for days of unused sick leave credited under this paragraph. (3) **Crediting of part-time service** (A) *In general* — In the case of a participant whose service includes service on a part-time basis performed after April 6, 1986, the participant’s annuity shall be the sum of the amounts determined under subparagraphs (B) and (C). (B) *Computation of pre-April 7, 1986, annuity* — The portion of an annuity referred to in subparagraph (A) with respect to service before April 7, 1986, shall be the amount computed under paragraph (1) using the participant’s length of service before that date (increased by the unused sick leave to the credit of the participant at the time of retirement) and the participant’s high-3 average pay, as determined by using the annual rate of basic pay that would be payable

Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2031

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 2032 — Annuities for former spouses

**(a) Former spouse share of participant’s annuity** (1) **Pro rata share** — Unless otherwise expressly provided by a spousal agreement or court order under [section 2094(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2094/b&num=0&edition=prelim), a former spouse of a participant, former participant, or retired participant is entitled to an annuity— (A) if married to the participant, former participant, or retired participant throughout the creditable service of the participant, equal to 50 percent of the annuity of the participant; or (B) if not married to the participant throughout such creditable service, equal to that proportion of 50 percent of such annuity that is the proportion that the number of days of the marriage of the former spouse to the participant during periods of creditable service of such participant under this subchapter bears to the total number of days of such creditable service. (2) **Disqualification upon remarriage before age 55** — A former spouse is not qualified for an annuity under this subsection if before the commencement of that annuity the former spouse remarries before becoming 55 years of age. (3) **Commencement of annuity** — The annuity of a former spouse under this subsection commences on the day the participant upon whose service the annuity is based becomes entitled to an annuity under this subchapter or on the first day of the month after the divorce or annulment involved becomes final, whichever is later. (4) **Termination of annuity** — The annuity of such former spouse and the right thereto terminate on— (A) the last day of the month before the month in which the former spouse dies or remarries before 55 years of age; or (B) the date on which the annuity of the pa

Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2032

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 2091 — Estimate of appropriations needed

**(a) Estimates of annual appropriations** The Director shall prepare the estimates of the annual appropriations required to be made to the fund. **(b) Actuarial valuations** The Director shall cause to be made actuarial valuations of the fund at such intervals as the Director determines to be necessary, but not less often than every five years. **(c) Changes in law affecting actuarial status of fund** Any statute which authorizes— (1) new or increased benefits payable from the fund under this subchapter, including annuity increases other than under [section 2131 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2131&num=0&edition=prelim); (2) extension of the coverage of this subchapter to new groups of employees; or (3) increases in pay on which benefits are computed; is deemed to authorize appropriations to the fund in order to provide funding for the unfunded liability created by that statute, in 30 equal annual installments with interest computed at the rate used in the then most recent valuation of the system and with the first payment thereof due as of the end of the fiscal year in which such new or liberalized benefit, extension of coverage, or increase in pay is effective. **(d) Authorization** There is hereby authorized to be appropriated to the fund for each fiscal year such amounts as may be necessary to meet the amount of normal cost for each year that is not met by contributions under [section 2021(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2021/a&num=0&edition=prelim). **(e) Unfunded liability; credit allowed for military service** There is hereby authorized to be appropriated to the fund for each fiscal year such sums as may be necessary to provide the amou

Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2091

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 2131 — Cost-of-living adjustment of annuities

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. § 2131

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