FUNDING OF COLAS FOR POSTAL SERVICE ANNUITANTS AND SURVIVOR ANNUITANTS.

SEC. 7101. FUNDING OF COLAS FOR POSTAL SERVICE ANNUITANTS AND SURVIVOR ANNUITANTS. (a) Expanded Scope of Coverage; Change in Proration Rule.—Section 8348(m)(1) of title 5, United States Code, is amended by striking “October 1, 1986,” each place it appears and inserting “July 1, 1971,”. (b) Repeal of Provision Relating to Certain Earlier COLAs.—Section 4002(b) of the Omnibus Budget Reconciliation Act of 1989 (Public Law 101–239; 103 Stat. 2134) is repealed. (c) Provision Relating to Pre-1991 COLAs.—(1) For the purpose of this subsection— 104 STAT. 1388–332 (A) the term “pre-1991 COLA” means a cost-of-living adjustment which took effect in any of the fiscal years specified in subparagraphs (A)–(N) of paragraph (3); (B) the term “post-1990 fiscal year” means a fiscal year after fiscal year 1990; and (C) the term “pre-1991 fiscal year” means a fiscal year before fiscal year 1991. (2) Notwithstanding any other provision of law, an installment (equal to an amount determined by reference to paragraph (3)) shall be payable by the United States Postal Service In a post-1990 fiscal year, with respect to a pre-1991 COLA, if such fiscal year occurs within the 15-fiscal-year period which begins with the first fiscal year in which that COLA took effect, subject to section 7104. (3) Notwithstanding any provision of section 8348(m) of title 5, United States Code, or any determination thereunder (including any made under such provision, as in effect before October 1, 1990), the estimated increase in the unfunded liability referred to in paragraph (1) of such section 8348(m) shall be payable, in accordance with this subsection, based on annual installments equal to— (A) $6,500,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1977; (B) $7,000,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1978; (C) $10,400,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1979; (D) $20,500,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1980; (E) $26,100,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1981; (F) $28,100,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1982; (G) $30,600,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1983; (H) $5,700,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1984; (I) $19,400,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1985; (J) $7,400,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1986; (K) $8,500,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1987; (L) $36,800,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1988; (M) $51,600,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1989; and (N) $63,500,000 each, with respect to the cost-of-living adjustment which took effect in fiscal year 1990. (4) Any installment payable under this subsection shall be paid by the Postal Service at the same time as when it pays any installments due in that same fiscal year under section 8348(m) of title 5, United States Code. (5) An installment payable under this subsection in a fiscal year, with respect to a pre-1991 COLA, shall be in lieu of any other installment for which the Postal Service might otherwise be liable in such fiscal year, with respect to such COLA, under section 8348(m) of title 5, United States Code. 104 STAT. 1388–333 (d) Effective Date.—This section and the amendments made by this section shall take effect on October 1, 1990.