
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC777]

 
                       TITLE 31--MONEY AND FINANCE
 
                           SUBTITLE I--GENERAL
 
                  CHAPTER 7--GENERAL ACCOUNTING OFFICE
 
                         SUBCHAPTER V--ANNUITIES
 
Sec. 777. Annuity increases

    (a) An annuity payable under this subchapter shall be increased at 
the same time that, and by the same percent as the percentage by which, 
annuities are increased under section 8340(b) of title 5.
    (b) An annuity under section 772 of this title may not be more than 
the basic pay of the Comptroller General. A surviving spouse's annuity 
may be increased under this section without regard to any limitation set 
forth in section 774(e) of this title.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 906; Pub. L. 100-426, title 
II, Sec. 207, Sept. 9, 1988, 102 Stat. 1601.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
777(a)...............................  31:43c(a)(words before colon),  June 10,
 1921, ch. 18, 42 Stat. 20, Sec.
                                        (1).                            320; ad
ded Oct. 25, 1978, Pub. L. 95-
                                                                        512, Se
c.  3, 92 Stat. 1799.
777(b)...............................  31:43c(a)(2).
777(c)...............................  31:43c(a)(3), (b).
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), before clause (1), the text of 31:43c(a)(words 
before colon) is omitted as surplus.
    In subsection (b), the words ``in any year'' and ``commencing'' are 
omitted as surplus.
    In subsection (c)(1), the words ``per centum'' and ``by the 
Comptroller General'' are omitted as surplus. The words ``Civil Service 
Commission'' (subsequently changed to ``Office of Personnel Management'' 
because of section 101 of Reorganization Plan No. 2 of 1978 (eff. Jan. 
1, 1979, 92 Stat. 3783)) are omitted because of the restatement of 
section 8340(b) of title 5 by section 1702(a) of the Omnibus Budget 
Reconciliation Act of 1981.
    In subsection (c)(2), the words ``by reason of the application of 
subsection (a) of this section'' and ``annual'' are omitted as surplus. 
The words ``basic pay'' are substituted for ``compensation'' for 
consistency with other titles of the United States Code.


                               Amendments

    1988--Pub. L. 100-426 amended section generally. Prior to amendment, 
section read as follows:
    ``(a) The Comptroller General shall compute--
        ``(1) on January 1 of each year, or within a reasonable time 
    after January 1, the percent change in the Consumer Price Index 
    between June and December of the prior year; and
        ``(2) on July 1 of each year, or within a reasonable time after 
    July 1, the percent change in the Index between June of the same 
    year and December of the prior year.
    ``(b) If a percent change computed under subsection (a)(1) of this 
section indicates a rise in the Index, an annuity payable under this 
subchapter and beginning before March 2 shall increase on March 1 by the 
percent change computed under subsection (a)(1), adjusted to the nearest 
.1 percent. If a percent change computed under subsection (a)(2) of this 
section indicates a rise in the Index, an annuity payable under this 
subchapter and beginning before September 2 shall increase on September 
1 by the percent change computed under subsection (a)(2), adjusted to 
the nearest .1 percent.
    ``(c)(1) An increase under this section may not be more than an 
increase prescribed under section 8340(b) of title 5.
    ``(2) An annuity under section 772 of this title may not be more 
than the basic pay of the Comptroller General.''


                    Effective Date of 1988 Amendment

    Amendment by Pub. L. 100-426 effective after end of 60-day period 
beginning Sept. 9, 1988, with certain exceptions, see section 208 of 
Pub. L. 100-426, set out as a note under section 772 of this title.
