REPEAL OF REQUIREMENT FOR PAYMENT OF SURVIVOR BENEFIT PLAN PREMIUMS WHEN PARTICIPANT WAIVES RETIRED PAY TO PROVIDE A SURVIVOR ANNUITY UNDER FEDERAL EMPLOYEES RETIREMENT SYSTEM AND TERMINATING PAYMENT OF THE SURVIVOR BENEFIT PLAN ANNUITY.

SEC. 641. REPEAL OF REQUIREMENT FOR PAYMENT OF SURVIVOR BENEFIT PLAN PREMIUMS WHEN PARTICIPANT WAIVES RETIRED PAY TO PROVIDE A SURVIVOR ANNUITY UNDER FEDERAL EMPLOYEES RETIREMENT SYSTEM AND TERMINATING PAYMENT OF THE SURVIVOR BENEFIT PLAN ANNUITY. (a) Deposits Not Required.—Section 1452(e) of title 10, United States Code, is amended— (1) in the subsection heading, by inserting “and FERS” after “CSRS”; (2) by inserting “or chapter 84 of such title” after “chapter 83 of title 5”; (3) by inserting “or 8416(a)” after “8339(j)”; and (4) by inserting “or 8442(a)” after “8341(b)”. (b) Conforming Amendments.—Section 1450(d) of such title is amended— (1) by inserting “or chapter 84 of such title” after “chapter 83 of title 5”; (2) by inserting “or 8416(a)” after “8339(j)”; and (3) by inserting “or 8442(a)” after “8341(b)”. (c) [10 U.S.C. 1450 note] Application of Amendments.—The amendments made by this section shall apply with respect to any participant electing an annuity for survivors under chapter 84 of title 5, United States Code, on or after the date of the enactment of this Act.