PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2759
quired to reduce to zero the unfunded liability (if any) of such fund. Subject to appropriation Acts, such deposits shall be taken from sums available for such fiscal year for the payment of amounts described in subsection (a)(4), and shall immediately become an integrated part of such fund. "(B) EXCEPTION.—The amount required by subparagraph (A) to be deposited in any fiscal year shall not exceed an amount equal to 11 percent of the aggregate amounts described in subsection (a)(4) paid during such fiscal year. '
"(C) UNFUNDED
LIABILITY
DEFINED.—For
purposes
of
subparagraph (A), the term 'unfunded liability' means the amount estimated by the Secretary to be equal to the excess (as of the close of the fiscal year involved) of— . u. "(i) the present value of all benefits payable from the survivors annuity fund (determined on an annual basis in accordance with section 9503 of title 31, United . States Code), over -' ,, "(ii) the sum of— "(I) the present values of future deductions under subsection (c) and future deposits under subsection (d), plus "(II) the balance in such fund as of the close of such fiscal year. '•:
"(D) AMOUNTS NOT CREDITED TO INDIVIDUAL ACCOUNTS.—
Amounts appropriated pursuant to this paragraph shall not i' V'- be credited to the account of any individual for purposes of subsection, (g)." '.
- '-
(B) CONFORMING AMENDMENT.—Subsection (h) of section
7448 is amended by striking out "subsection (c)" and inserting in lieu thereof "subsection (c)(1)". (b) INCREASES IN ANNUITIES PAYABLE FROM SURVIVORS ANNUITY FUND.— (1) ANNUITIES FOR SURVIVING SPOUSES.— (A) INCREASE IN ANNUITY.—Subsection (m) of section 7448
f
.
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(relating to computation of annuities) is amended— (i) by striking out "IVi percent" and inserting in lieu thereof "1.5 percent", and (ii) by striking out "but such annuity shall not" and 'i all that follows down through the end thereof and inserting in lieu thereof "except that such annuity • shall not exceed an amount equal to 50 percent of such average annual salary, nor be less than an amount equal to 25 percent of such average annual salary, and shall be further reduced in accordance with subsection (d) (if applicable)." (B) ANNUITY TO TERMINATE ON REMARRIAGE ONLY IF
a
SPOUSE NOT 55.—The second sentence of section 7448(h) is amended by striking out "or remarriage" and inserting in lieu thereof "or such surviving spouse's remarriage before attaining age 55". (2) ANNUITIES FOR SURVIVING DEPENDENT CHILDREN.— (A) ANNUITY WHERE SURVIVING SPOUSE.—Paragraph (2) of
I
section 7448(h) (relating to entitlement to annuity) is amended by striking out all that follows "equal to" and inserting in lieu thereof the following: "the lesser of—
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