93 STAT. 474
Retroactivity coverage.
PUBLIC LAW 96-70—SEPT. 27, 1979 (c)(1) Pursuant to paragraph 2(b) of Annex C to the Agreement in Implementation of Article IV of the Panama Canal Treaty of 1977, the President, or the President's designee, shall purchase from a source determined by the President to be appropriate, in accordance with such regulations as the President or the President's designee may prescribe, and to such extent or in such amounts as may be provided in advance in appropriation Acts, a nontransferable deferred annuity for the benefit of each employee of an agency or instrumentality of the Government of the United States in the Republic of Panama— (A) who is not a citizen of the United States; (B) who was employed on October 1, 1979, and during any period before that date by an agency or instrumentality of the Government of the United States at any permanent duty station in the Republic of Panama (including, with respect to employment before that date, the area then known as the Canal Zone); (C) who, for any period of service with such agency or instrumentality before October 1, 1979, at any such permanent duty station was not covered, by reason of that service, by the United States Civil Service Retirement system or any other Federal retirement system providing benefits similar to those retirement benefits provided by the Social Security System of the Republic of Panama; and (D) who, on October 1, 1979, is under a Federal retirement system and, on or before that date, has accrued in one or more agencies or instrumentalities of the United States a total of 5 years or more of service which— (i) is creditable toward any Federal retirement system as in effect on October 1, 1979; (ii) would have been creditable toward any such retirement system if the retirement system were in effect at the time of the service accrued b^ the employee; or (iii) consists of any combination of service described in clauses (i) and (ii) of this subparagraph. (2) The retirement annuity referred to in paragraph (1) of this subsection with respect to any employee will cover retroactivity, from October 1, 1979, all periods of service, described in subparagraph (D) of that paragraph, by that employee at any permanent duty station in the Republic of Panama (including the area known before that date as the Canal Zone) in agencies and instrumentalities of the Government of the United States during which that employee was not covered by the United States Civil Service Retirement S5rstem or any other Federal retirement system providing benefits similar to those retirement benefits provided by the Social Security System of the Republic of Panama. OBLIGATION OF COMMISSION FOR UNFUNDED LIABILITY
Ante, p. 452.
SEC. 1244. Section 8348 of title 5, United States Code, is amended by adding at the end thereof the following new subsection: "(i)(l) Notwithstanding any other provision of law, the Panama Canal Commission shall be liable for that portion of any estimated increase in the unfunded liability of the fund which is attributable to any benefits payable from the Fund to or on behalf of employees and their survivors to the extent attributable to the amendments made by sections 1241 and 1242, and the provisions of sections 1231(b) and 1243(a)(1), of the Panama Canal Act of 1979. "(2) The estimated increase in the unfunded liability referred to in paragraph (1) of this subsection shall be determined by the Office of
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