
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC7087]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                    PART III--EDUCATION AND TRAINING
 
 CHAPTER 607--RETIREMENT OF CIVILIAN MEMBERS OF THE TEACHING STAFFS OF 
  THE UNITED STATES NAVAL ACADEMY AND UNITED STATES NAVAL POSTGRADUATE 
                                 SCHOOL
 
Sec. 7087. Election of annuity for self and beneficiary

    (a) At the time of his retirement, a civilian member retiring under 
this chapter may elect to receive instead of the amount payable annually 
by the Secretary of the Navy under section 7085 or 7086 of this title a 
reduced annuity for his life and an annuity payable after his death to 
his beneficiary in either--
        (1) an amount equal to his reduced annuity; or
        (2) an amount equal to 50 percent of his reduced annuity.

The annuities payable to principal and beneficiary, under either 
election, shall be in amounts that have, on the date of the retirement 
of the civilian member, a combined actuarial value equal to the 
actuarial value of the annuity payable by the Secretary under section 
7085 or 7086 of this title, as determined under actuarial tables 
prepared by the Director of the Office of Personnel Management.
    (b) If the civilian member elects to take a reduced annuity under 
this section, he shall, at the time of his retirement, designate the 
beneficiary in writing and file the designation with the Secretary.
    (c) The annuity payable under this section to the beneficiary of a 
deceased civilian member shall be terminated upon the death of the 
beneficiary.

(Aug. 10, 1956, ch. 1041, 70A Stat. 440; Pub. L. 97-295, Sec. 1(45), 
Oct. 12, 1982, 96 Stat. 1298.)

                                          Historical and Revision Notes
                                                    1956 Act
-------------------------------------------------------------------------------
---------------------------------
            Revised section                      Source (U.S. Code)            
   Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
7087..................................  34 U.S.C. 1073c-3.                   Ja
n. 16, 1936, ch. 3, Sec.  4C;
                                                                              a
dded Aug. 2, 1946, ch. 740, 60
                                                                              S
tat. 805.
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a) the words ``under actuarial tables prepared by the 
Civil Service Commission'' are substituted for the words ``under the 
provisions of the Civil Service Retirement Act'' because that Act, as 
amended in 1948, no longer provides for the computation of actuarial 
values. The Secretary of the Navy, in administering the provisions of 
law codified in this section, uses tables prepared by the Civil Service 
Commission prior to the 1948 amendment.

                            1982 Act

    This amends 10:7087(a) to reflect the transfer of functions from the 
Civil Service Commission to the Director of the Office of Personnel 
Management under section 102 of Reorganization Plan No. 2 of 1978 (eff. 
Jan. 1, 1979, 92 Stat. 3783).


                               Amendments

    1982--Subsec. (a). Pub. L. 97-295 substituted ``Director of the 
Office of Personnel Management'' for ``Civil Service Commission''.
