Pub. L. 87-793, pt. III, sec. 1101

Sec. 1101. (a) The annuity of each person who, on the effective date of this section, is receiving or entitled to receive an annuity from the civil service retirement and disability fund shall be increased by 5 per centum of the amount of such annuity. (b) The annuity of each person who receives or is entitled to receive an annuity from the civil service retirement and disability fund commencing during the period which begins on the day following the effective date of this section and ends five years after such date, shall be increased in accordance with the following table: 76 Stat. 869 If the annuity commences between— The annuity shall be increased by— January 2, 1963, and December 31, 1963 4 per centum January 1, 1964, and December 31, 1964 3 per centum January 1, 1965, and December 31, 1965 2 per centum January 1, 1966, and December 31, 1966 1 per centum (c) In lieu of any other increase provided by this section, the annuity of a survivor of a retired employee or Member of Congress who received an increase under this section shall be increased by a percentage equal to the percentage by which the annuity of such employee or Member was so increased. (d) No increase provided by this section shall be computed on any additional annuity purchased at retirement by voluntary contributions. (e) The limitation reading “or (3) the sum necessary to increase such annuity, exclusive of annuity purchased by voluntary contributions under the second paragraph or section 10 of this Act, to $2,160” contained in section 8(c) (1) or the Civil Service Retirement Act of May 29, 1930, as amended by the Acts of July 16, 1952 (66 Stat. 722; Public Law 555, Eighty-second Congress), and August 31, 1954 (68 Stat. 1043; Public Law 747, Eighty-third Congress), shall not be effective on or after the effective date of this section. (f) The limitation contained in the next to the last sentence of section 8(d) (1) of the Civil Service Retirement Act of May 29, 1930, as amended, as enacted by the Act of August 11, 1955 (69 Stat. 692; Public Law 369, Eighty-fourth Congress), shall not be effective on and after the effective date of this section. (g) The increases provided by this section shall take effect on the effective date of this section, except that any increase under subsection (b) or (c) shall take effect on the beginning date of the annuity. (h) The monthly installment of annuity after adjustment under this section shall be fixed at the nearest dollar.