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5 U.S.C. § 8343 — Additional annuities; voluntary contributions
Federal law — U.S. Code and appendices · legal_authorities
**(a)** Under regulations prescribed by the Office of Personnel Management, an employee or Member may voluntarily contribute additional sums in multiples of $25, but the total may not exceed 10 percent of his basic pay for creditable service after July 31, 1920. The voluntary contribution account in each case is the sum of unrefunded contributions, plus interest at 3 percent a year through December 31, 1984, and thereafter at the rate computed under [section 8334(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8334/e&num=0&edition=prelim), compounded annually to—
(1) the date of payment under subsection (d) of this section, separation, or transfer to a position in which he does not continue subject to this subchapter, whichever is earliest; or
(2) the commencing date fixed for a deferred annuity or date of death, whichever is earlier, in the case of an individual who is separated with title to deferred annuity and does not claim the voluntary contribution account.
**(b)** The voluntary contribution account is used to purchase at retirement an annuity in addition to the annuity otherwise provided. For each $100 in the voluntary contribution account, the additional annuity consists of $7, increased by 20 cents for each full year, if any, the employee or Member is over 55 years of age at the date of retirement.
**(c)** A retiring employee or Member may elect a reduced additional annuity instead of the additional annuity described by subsection (b) of this section and designate in writing an individual to receive after his death an annuity of 50 percent of his reduced additional annuity. The additional annuity of the employee or Member making the election is reduced by 10 percent, and by 5 percent for each full 5 years the in
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Source file: Laws/federal/codes/united-states-code/title-5/section-8343-additional-annuities-voluntary-contributions--c8f6fb56e5.md
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Source location: Title 5, Chapter 83, § 8343; chapter-083-retirement.md
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**(a)** Under regulations prescribed by the Office of Personnel Management, an employee or Member may voluntarily contribute additional sums in multiples of $25, but the total may not exceed 10 percent of his basic pay for creditable service after July 31, 1920. The voluntary contribution account in each case is the sum of unrefunded contributions, plus interest at 3 percent a year through December 31, 1984, and thereafter at the rate computed under [section 8334(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8334/e&num=0&edition=prelim), compounded annually to—
(1) the date of payment under subsection (d) of this section, separation, or transfer to a position in which he does not continue subject to this subchapter, whichever is earliest; or
(2) the commencing date fixed for a deferred annuity or date of death, whichever is earlier, in the case of an individual who is separated with title to deferred annuity and does not claim the voluntary contribution account.
**(b)** The voluntary contribution account is used to purchase at retirement an annuity in addition to the annuity otherwise provided. For each $100 in the voluntary contribution account, the additional annuity consists of $7, increased by 20 cents for each full year, if any, the employee or Member is over 55 years of age at the date of retirement.
**(c)** A retiring employee or Member may elect a reduced additional annuity instead of the additional annuity described by subsection (b) of this section and designate in writing an individual to receive after his death an annuity of 50 percent of his reduced additional annuity. The additional annuity of the employee or Member making the election is reduced by 10 percent, and by 5 percent for each full 5 years the individual designated is younger than the retiring employee or Member. However, the total reduction may not exceed 40 percent.
**(d)** A present or former employee or Member is entitled to be paid the voluntary contribution account if he files application for payment with the Office before receiving an additional annuity. An individual who has been paid the voluntary contribution account may not again deposit additional sums under this section until, after a separation from the service of more than 3 calendar days, he again becomes subject to this subchapter.
**(e)** If a present or former employee or Member not retired dies, the voluntary contribution account is paid under [section 8342(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8342/c&num=0&edition=prelim). If all additional annuities or any right thereto based on the voluntary contribution account of a deceased employee or Member terminate before the total additional annuity paid equals the account, the difference is paid under [section 8342(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8342/c&num=0&edition=prelim).
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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
The Office of Personnel Management is an independent establishment in the executive branch. The Office shall have an official seal, which shall be judicially noticed, and shall have its principal office in the District of Columbia, and may have field offices in other appropriate locations.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Subject to subsection (j) of this section, an employee or Member who—
(1)
(A) is separated from the service for at least thirty-one consecutive days; or
(B) is transferred to a position in which he is not subject to this subchapter, or chapter 84 of this title, and remains in such a position for at least thirty-one consecutive days;
(2) files an application with the Office of Personnel Management for payment of the lump-sum credit;
(3) is not reemployed in a position in which he is subject to this subchapter, or chapter 84 of this title, at the time he files the application; and
(4) will not become eligible to receive an annuity within thirty-one days after filing the application,
is entitled to be paid the lump-sum credit. Except as provided in section 8343a or 8334(d)(2) of this title, the receipt of the payment of the lump-sum credit by the employee or Member voids all annuity rights under this subchapter based on the service on which the lump-sum credit is based, until the employee or Member is reemployed in the service subject to this subchapter. In applying this subsection to an employee or Member who becomes subject to chapter 84 (other than by an election under title III of the Federal Employees’ Retirement System Act of 1986) and who, while subject to such chapter, files an application with the Office for a payment under this subsection—
(i) entitlement to payment of the lump-sum credit shall be determined without regard to paragraph (1) or (3) if, or to the extent that, such lump-sum credit relates to service of a type described in clauses (i) through (iii) of section 302(a)(1)(C) of the Federal Employees’ Retirement System Act of 1986; and
(ii) if, or to the extent that, the lump-sum credit so relates to service of a type referred to in cl
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8342
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Federal law — U.S. Code and appendices · legal_authorities
Page 1074
TITLE 5—GOVERNMENT ORGANIZATION AND EMPLOYEES
§ 8343
of separation from the service on which title to the an-
nuity is based.’’
§ 8343. Additional annuities; voluntary contribu-
tions
(a) Under regulations prescribed by the Office
of Personnel Management, an employee or Mem-
ber may voluntarily contribute additional sums
in multiples of $25, but the total may not exceed
10 percent of his basic pay for creditable service
after July 31, 1920. The voluntary contribution
account in each case is the sum of unrefunded
contributions, plus interest at 3 percent a year
through December 31, 1984, and thereafter at the
rate computed under section 8334(e) of this title,
compounded annually to—
(1) the date of payment under subsection (d)
of this section, separation, or transfer to a po-
sition in which he does not continue subject to
this subchapter, whichever is earliest; or
(2) the commencing date fixed for a deferred
annuity or date of death, whichever is earlier,
in the case of an individual who is separated
with title to deferred annuity and does not
claim the voluntary contribution account.
(b) The voluntary contribution account is used
to purchase at retirement an annuity in addi-
tion to the annuity otherwise provided. For each
$100 in the voluntary contribution account, the
additional annuity consists of $7, increased by 20
cents for each full year, if any, the employee or
Member is over 55 years of age at the date of re-
tirement.
(c) A retiring employee or Member may elect
a reduced additional annuity instead of the addi-
tional annuity described by subsection (b) of
this section and designate in writing an indi-
vidual to receive after his death an annuity of 50
percent of his reduced additional annuity. The
additional annuity of the
Source: Supplied 2024 U.S. Code historical extraction · 5 U.S.C. § 8343
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