Page:United States Statutes at Large Volume 69.djvu/68

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[69 Stat. 26]
[69 Stat. 26]
PUBLIC LAW 000—MMMM. DD, 1955

26

PUBLIC LAW 2 2 - A P R. 6, 1955

[69

ST AT,

"(2) the standard of performance which any such officer mnst maintain to remain in the Service. "(b) Any Foreign Service officer below the class of career minister who does not receive a promotion to a higher class within the specified period or who fails to meet the standard of performance required of officers of his class shall be retired from the Service and receive benefits in accordance with the provisions of section 634. uSELECTION-OUT BENEFITS

22 USC 1076.

22 USC 1076.

22 USC 1082.

22 USC 1086.

22 USC 1092.

"SEC. 634. (a) Any Foreign Service officer in classes 1, 2, or 3 who is retired from the Service in accordance with the provisions of section 633 shall receive retirement benefits in accordance with the provisions of section 821. "(b) Any Foreign Service officer in classes 4 or 5 who is retired from the Service in accordance with the provisions of section 633 shall receive— "(1) one-twelfth of a year's salary at his then current salary rate for each year of service and proportionately for a fraction of a year, but not exceeding a total of one year's salary at his then current salary rate, payable without interest, in three equal installments on the 1st day of January following the officer's retirement and on the two anniversaries of this date innnediately following; and " (2) a refund of the contributions made to the Foreign Service Retirement and Disability Fund, with interest thereon at 4 per centum, compounded aninially, except *\vdt in lieu of such refund such officer may elect to receive retirement benefits on reaching the age of sixty-two, in accordance with the provisions of section 821. In the event that an officer who was separated from class 4 and who has elected to receive retirement benefits dies before reaching the age of sixty-two, his death shall be considered a death in service within the meaning of section S32. I n the event that an officer who was separated from class 5 and who has elected to receive retirement benefits dies before reaching the age of sixty-two, the total amount of his contributions made to the Foreign Service Retirement and Disability Fund, with interest thereon at 4 per centum, compounded annually, shall be paid in accordance with the provisions of section 841. "(c) Notwithstanding the provisions of section 3477 of the Revised Statutes, as amended (31 U.S.C. 203) or the provisions of any other law, a Foreign Service officer who is retired in accordance with the provisions of section 633 shall have the right to assign to any person or corporation the whole or any part of the benefits receivable by him pursuant to paragraph (b)(1) of this section. Any such assignment shall be on a form approved by the Secretary of the Treasury and a copy thereof shall be deposited with the Secretary of the Treasury by the officer executing the assignment." SEC. 8 (a) Section 852(a)(2) of such Act is amended by inserting "Air Force," after "Marine Corps,". (b) Section 852(b) of such Act is amended by deleting the period at the end of the first sentence thereof and adding the following: ", except that no special contributions shall be required for periods of active military or naval service in the Army, Navy, Marine Corps, Air Force, or Coast Guard of the United States prior to becoming a participant.". (c) A special contribution to the Foreign Service Retirement and Disability F u n d made by any participant on or after April 1, '1948