Page:United States Statutes at Large Volume 106 Part 4.djvu/472

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

106 STAT. 3208 PUBLIC LAW 102-496—OCT. 24, 1992 had the participant involved elected such annuity at the time of retirement. "(d) ANNUITIES FOR SURVIVING CHILDREN. — "(1) PARTICIPANTS DYING BEFORE APRIL i, 1992.—In the case of a retired participant who died before April 1, 1992, and who is survived by a child or children— "(A) if the retired participant was survived by a spouse, there shall be paid from the fund to or on behalf of each such surviving child an annuity determined under paragraph (3)(A); and "(B) if the retired participant was not survived by a spouse, there shall be paid from the fund to or on behalf of each such surviving child an annuity determined under paragraph (3)(B). "(2) PARTICIPANTS DYING ON OR AFTER APRIL 1, 1992. —In the case of a retired participant who dies on or after April 1, 1992, and who is survived by a child or children— "(A) if the retired participant is survived by a spouse or former spouse who is the natural or adoptive parent of a surviving child of the participant, there shall be paid from the fund to or on behalf of each such surviving child an annuity determined under paragraph (3)(A); and "(B) u the retired participant is not survived by a spouse or former spouse who is the natural or adoptive earent of a surviving child of the participant, there shall e paid to or on behalf of each such surviving child an annuity determined under paragraph (3)(B). "(3) AMOUNT OF ANNUITY. — "(A) The annual amount of an annuity for the surviving child of a participant covered by paragraph (I)(A) or (2)(A) of this subsection (or covered by paragraph (I)(A) or (2)(A) of section 232(c)) is the smallest of the following: "(i) 60 percent of the participant's high-3 average Eay, as determined under subsection (a)(4), divided y the number of children. "(ii) $900, as adjusted under section 291. " (iii) $2,700, as adjusted under section 291, divided by the number of children. "(B) The amount of an annuity for the surviving child of a participant covered by paragraph (I)(B) or (2)(B) of this subsection (or covered by paragraph (I)(B) or (2)(B) of section 232(c)) is the smallest of the following: "(i) 75 percent of the participant's high-3 average Eay, as determined under subsection (a)(4), divided y the number of children. "(ii) $1,080, as adjusted under section 291. " (iii) $3,240, as adjusted under section 291, divided by the number of children. "(4) RECOMPUTATION OF CHILD ANNUITIES. — "(A) In the case of a child annuity payable under paragraph (1), upon the death of a surviving spouse or the termination of the annuity of a child, the annuities of any remaining children shall be recomputed and paid as though the spouse or child had not survived the retired participant. "(B) In the case of a child annuity payable under paragraph (2), upon the death of a surviving spouse or