Page:United States Statutes at Large Volume 117.djvu/644

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[117 STAT. 625]
[117 STAT. 625]
PUBLIC LAW 107-000—MMMM. DD, 2003

PUBLIC LAW 108–18—APR. 23, 2003

117 STAT. 625

(B) by designating the matter following the first sentence as subparagraph (B)(i) and aligning the text accordingly; (C) in subparagraph (B)(i) (as so designated by subparagraph (B)), by striking ‘‘An equal’’ and inserting ‘‘Except as provided in clause (ii), an equal’’; and (D) by adding at the end the following: ‘‘(ii) In the case of an employee of the United States Postal Service, the amount to be contributed under this subparagraph shall (instead of the amount described in clause (i)) be equal to the product derived by multiplying the employee’s basic pay by the percentage equal to— ‘‘(I) the normal-cost percentage for the applicable employee category listed in subparagraph (A), minus ‘‘(II) the percentage deduction rate that applies with respect to such employee under subparagraph (A).’’. (2) CONFORMING AMENDMENTS.—Section 8334(k) of title 5, United States Code, is amended— (A) in paragraph (1)(A), by striking ‘‘the first sentence of subsection (a)(1) of this section’’ and inserting ‘‘subsection (a)(1)(A)’’; (B) in paragraph (1)(B)— (i) by striking ‘‘the second sentence of subsection (a)(1) of this section’’ and inserting ‘‘subparagraph (B) of subsection (a)(1)’’; and (ii) by striking ‘‘such sentence’’ and inserting ‘‘such subparagraph’’; and (C) in paragraph (2)(C)(iii), by striking ‘‘the first sentence of subsection (a)(1)’’ and inserting ‘‘subsection (a)(1)(A)’’. (c) POSTAL SUPPLEMENTAL LIABILITY.—Subsection (h) of section 8348 of title 5, United States Code, is amended to read as follows: ‘‘(h)(1)(A) For purposes of this subsection, ‘Postal supplemental liability’ means the estimated excess, as determined by the Office, of— ‘‘(i) the actuarial present value of all future benefits payable from the Fund under this subchapter attributable to the service of current or former employees of the United States Postal Service, over ‘‘(ii) the sum of— ‘‘(I) the actuarial present value of deductions to be withheld from the future basic pay of employees of the United States Postal Service currently subject to this subchapter pursuant to section 8334; ‘‘(II) the actuarial present value of the future contributions to be made pursuant to section 8334 with respect to employees of the United States Postal Service currently subject to this subchapter; ‘‘(III) that portion of the Fund balance, as of the date the Postal supplemental liability is determined, attributable to payments to the Fund by the United States Postal Service and its employees, including earnings on those payments; and ‘‘(IV) any other appropriate amount, as determined by the Office in accordance with generally accepted actuarial practices and principles.

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