31-U.S.C.-777

§777 – Annuity Increases

Pathway

Title 31 > Subtitle I > Chapter 7 > Subchapter V > Section 777

Details

• Reference: Section 777
• Legend: §777 – Annuity Increases
• USCode Year: 2013

Provision Content

(a) An annuity payable under this subchapter shall be increased at the same time that, and by the same percent as the percentage by which, annuities are increased under section 8340(b) of title 5.

(b) An annuity under section 772 of this title may not be more than the basic pay of the Comptroller General. A surviving spouses annuity may be increased under this section without regard to any limitation set forth in section 774(e) of this title.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 906; Pub. L. 100–426, title II, §207, Sept. 9, 1988, 102 Stat. 1601.)

In subsection (a), before clause (1), the text of 31:43c(a)(words before colon) is omitted as surplus.

In subsection (b), the words in any year and commencing are omitted as surplus.

In subsection (c)(1), the words per centum and by the Comptroller General are omitted as surplus. The words Civil Service Commission (subsequently changed to Office of Personnel Management because of section 101 of Reorganization Plan No. 2 of 1978 (eff. Jan. 1, 1979, 92 Stat. 3783)) are omitted because of the restatement of section 8340(b) of title 5 by section 1702(a) of the Omnibus Budget Reconciliation Act of 1981.

In subsection (c)(2), the words by reason of the application of subsection (a) of this section and annual are omitted as surplus. The words basic pay are substituted for compensation for consistency with other titles of the United States Code.

Amendments

1988—Pub. L. 100–426 amended section generally. Prior to amendment, section read as follows:

(a) The Comptroller General shall compute—

(1) on January 1 of each year, or within a reasonable time after January 1, the percent change in the Consumer Price Index between June and December of the prior year; and

(2) on July 1 of each year, or within a reasonable time after July 1, the percent change in the Index between June of the same year and December of the prior year.

(b) If a percent change computed under subsection (a)(1) of this section indicates a rise in the Index, an annuity payable under this subchapter and beginning before March 2 shall increase on March 1 by the percent change computed under subsection (a)(1), adjusted to the nearest .1 percent. If a percent change computed under subsection (a)(2) of this section indicates a rise in the Index, an annuity payable under this subchapter and beginning before September 2 shall increase on September 1 by the percent change computed under subsection (a)(2), adjusted to the nearest .1 percent.

(c)(1) An increase under this section may not be more than an increase prescribed under section 8340(b) of title 5.

(2) An annuity under section 772 of this title may not be more than the basic pay of the Comptroller General.

Effective Date of 1988 Amendment

Amendment by Pub. L. 100–426 effective after end of 60-day period beginning Sept. 9, 1988, with certain exceptions, see section 208 of Pub. L. 100–426, set out as a note under section 772 of this title.

U.S. Encyclopedia of Law Coverage

31-U.S.C.-734 in the Legal Encyclopedia: Public Finance

In this entry about 31-U.S.C.-734, find legal reference material, bibliographies and premiere content related to public finance in the American Encyclopedia of Law, presenting a comprehensive view of the United States public finance-specific issues, written by authorities in the field.

31-U.S.C.-773 in the Legal Encyclopedia: Money

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31-U.S.C.-773 in the Legal Encyclopedia: Government Accountability Office

In this entry about 31-U.S.C.-773, find legal reference material, bibliographies and premiere content related to government accountability office in the American Encyclopedia of Law, presenting a comprehensive view of the United States government accountability office-specific issues, written by authorities in the field.

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