Any method of payment provided for under subparagraph (B) shall be designed such that the present value of the benefits provided under such method is actuarially equivalent to the present value of a lump-sum payment under subparagraph (A).
5 U.S.C. § 8442
EDITORIAL NOTES
REFERENCES IN TEXTThe Social Security Act, referred to in subsec. (f)(3), (4), is act Aug. 14, 1935, ch. 531, 49 Stat. 620, which is classified generally to chapter 7 (§301 et seq.) of Title 42, The Public Health and Welfare. Title II of the Social Security Act is classified generally to subchapter II (§401 et seq.) of chapter 7 of Title 42. Sections 202, 203, and 215 are classified to sections 402, 403, and 415, respectively, of Title 42. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables.
AMENDMENTS1997-Subsec. (d)(1)(B). Pub. L. 105-61, §518(b)(1)(B), substituted "except as provided in paragraph (3), remarries" for "remarries".Subsec. (d)(3). Pub. L. 105-61, §518(b)(1)(A), added par. (3).1988-Subsec. (a)(1). Pub. L. 100-238, §131(b)(1), inserted "(or one-half thereof, if designated for this purpose under section 8419 of this title)," after "with respect to the annuitant,".Subsec. (g)(1). Pub. L. 100-238, §131(b)(2), inserted "(or one-half thereof if designated for this purpose under section 8419 of this title)" after "paragraph (2)". 1986-Subsec. (c)(2)(B)(i)(I). Pub. L. 99-556 which directed that subsec. (c)(2)(B)(i)(I) of this section be amended generally was executed to subsec. (c)(2)(B)(i)(I) of this section, as the probable intent of Congress. Prior to the amendment, subcl. (I) read as follows: "on the day after the date on which the former employee or Member would have attained age 62; or".
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 1997 AMENDMENT Amendment by Pub. L. 105-61 applicable with respect to remarriages occurring on or after Jan. 1, 1995, see section 518(c) of Pub. L. 105-61 set out as a note under section 8341 of this title.
- Member
- The term "Member" means a Senator in, a Representative in, or a Delegate or Resident Commissioner to, the Congress.