2011 US Code
Title 10 - Armed Forces
Subtitle C - Navy and Marine Corps (§§ 5001 - 7921)
Part III - EDUCATION AND TRAINING (§§ 6901 - 7104)
Chapter 607 - RETIREMENT OF CIVILIAN MEMBERS OF THE TEACHING STAFFS OF THE UNITED STATES NAVAL ACADEMY AND... (§§ 7081 - 7088)
Section 7085 - Computation of life annuity
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, 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. 7085 - Computation of life annuity |
Contains | section 7085 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Aug. 10, 1956, ch. 1041, 70A Stat. 439. |
Statutes at Large References | 57 Stat. 594 71 Stat. 42 72 Stat. 1563 |
Public Law References | Public Law 85-40, Public Law 85-861 |
Download PDF
Each civilian member who retires under section 7084 of this title is entitled to a life annuity computed by multiplying his average annual compensation during any five consecutive years of allowable service, at his option, by his number of years of service, not exceeding 35, and dividing the product by 70. The retirement annuity payable to a retired civilian member under a policy required by section 7082 of this title is counted as part of the retirement annuity provided in this section. Any difference between the amount received by the retired civilian member under his annuity policy and the total annual amount to which he is entitled under this section shall be paid to him by the Secretary of the Navy from appropriations made for this purpose.
(Aug. 10, 1956, ch. 1041, 70A Stat. 439.)
Revised section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
7085 | 34 U.S.C. 1073c–1 (less 2d proviso). | Jan. 16, 1936, ch. 3, §4A (less 2d proviso); added Nov. 28, 1943, ch. 331, §1, 57 Stat. 594. |
The words “terminable on his death at the rate of the following total annual amount” are omitted as surplusage, since they are covered by the words “life annuity”.
The words “basic salary, pay, or” are omitted as surplusage, since they are covered by the word “compensation”. The first proviso is omitted as unnecessary, since all existing rights and benefits of persons affected by this title are protected by a general saving provision.
Increase in Annuities of Civilian Members Who Retired Before April 1, 1948Section 30 of Pub. L. 85–861, Sept. 2, 1958, 72 Stat. 1563, provided that:
“(a) A retired civilian member of the teaching staff of the United States Naval Academy or the United States Naval Postgraduate School who retired before April 1, 1948, is entitled to be paid, out of applicable current appropriations, $300 a year in addition to the annuity to which he is entitled under section 7085 of title 10 [this section].
“(b) A retired civilian member whose annuity, when increased by $300 under subsection (a), is less than $1,860 is entitled to be paid an additional $300 a year out of applicable current appropriations.
“(c) Additions to the annuities of retired civilian members under subsection (b) do not increase the annuities payable to the survivors of those members.”
Increase of Annuities—1957Pub. L. 85–40, May 31, 1957, 71 Stat. 42, provided: “That the annuities, payable under chapter 607 of title 10, United States Code [this chapter], to civilian members of the teaching staff of the United States Naval Academy or the United States Naval Postgraduate School are increased as follows: That portion of an annuity which is not in excess of $1,500 is increased by 12 per centum, and that portion of an annuity which is in excess of $1,500 is increased by 8 per centum. These increases shall not exceed the sum necessary to increase the annuity to $4,104, and are in addition to the increases authorized by Public Law 371, Eighty-fourth Congress. The monthly installments of each annuity shall be fixed at the nearest dollar.
“
“If annuity commences between— | Portion of annuity not in excess of $1,500 shall be increased by— | Portion of annuity in excess of $1,500 shall be increased by— |
---|---|---|
per centum | per centum | |
Jan. 16, 1936, and June 30, 1955 | 12 | 8 |
July 1, 1955, and Dec. 31, 1955 | 10 | 7 |
Jan. 1, 1956, and June 30, 1956 | 8 | 6 |
July 1, 1956, and Dec. 31, 1956 | 6 | 4 |
Jan. 1, 1957, and June 30, 1957 | 4 | 2 |
July 1, 1957, and Dec. 31, 1957 | 2 | 1 |
“
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.