2010 US Code
Title 10 - ARMED FORCES
Subtitle C - Navy and Marine Corps
PART III - EDUCATION AND TRAINING
CHAPTER 607 - RETIREMENT OF CIVILIAN MEMBERS OF THE TEACHING STAFFS OF THE UNITED STATES NAVAL ACADEMY AND UNITED STATES NAVAL POSTGRADUATE SCHOOL
Sec. 7082 - Deferred annuity policy required
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 4, Title 10 - ARMED FORCES |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART III - EDUCATION AND TRAINING CHAPTER 607 - RETIREMENT OF CIVILIAN MEMBERS OF THE TEACHING STAFFS OF THE UNITED STATES NAVAL ACADEMY AND UNITED STATES NAVAL POSTGRADUATE SCHOOL Sec. 7082 - Deferred annuity policy required |
| Contains | section 7082 |
| Date | 2010 |
| Laws in Effect as of Date | January 7, 2011 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Aug. 10, 1956, ch. 1041, 70A Stat. 439. |
| Statutes at Large Reference | 49 Stat. 1092 |
§7082. Deferred annuity policy required
Each civilian member, as a part of his contract of employment, shall carry, during his employment, a deferred annuity policy, having no cash surrender or loan provision, in a joint-stock life insurance corporation that is incorporated under the laws of a State and has a charter restriction that its business must be conducted without profit to its stockholders.
(Aug. 10, 1956, ch. 1041, 70A Stat. 439.)
| Revised section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 7082 | 34 U.S.C. 1073. | Jan. 16, 1936, ch. 3, §1, 49 Stat. 1092. |
The words “whose employment commences from and after the date of approval of this act” are omitted as surplusage. Under §4 of the Act, members already employed when the Act was approved were given 60 days in which to decide whether or not they wished to participate in the benefits provided by the Act. Those who chose not to participate are excluded from the application of this chapter by §7081 of this title.
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