114 STAT. 2763A-234 PUBLIC LAW 106-554—APPENDIX D compensation for such pay period (received under such section 206) allowable under section 8440f.". (7) MAXIMUM PERCENTAGE ALLOWABLE. — (A) IN GENERAL.— Title 5, United States Code, is amended by inserting after section 8440e the following: "§8440f. Maximum percentage allowable for certain participants "The maximum percentage allowable under this section shall be determined in accordance with the following table: "In the case of a pay period beginning in flscal year: The maximum percentage allowable is: 2001 6 2002 7 2003 8 2004 9 2005 10 2006 or thereafter 100.". (B) CONFORMING AMENDMENT.— The table of sections for chapter 84 of title 5, United States Code, is amended by inserting after the item relating to section 8440e the following: " 8440f. Maximum percentage allowable for certain participants. ". (b) AMENDMENTS RELATING TO CSRS.— Paragraph (2) of section 8351(b) of title 5, United States Code, is amended— (1) by striking "(2)" and inserting "(2)(A)"; (2) by striking "5 percent" and all that follows through "period." and inserting "the maximum percentage of such employee's or Member's basic pay for such pay period allowable under subparagraph (B)."; and (3) by adding at the end the following: "(B) The maximum percentage allowable under this subparagraph shall be determined in accordance with the following table: "In the case of a pay period beginning in fiscal year: The maximum Eercenta^e owable is: 2001 6 2002 7 2003 8 2004 9 2005 10 2006 or thereafter 100.". (c) EFFECTIVE DATE. — (1) IN GENERAL.—The amendments made by this, section shall take effect on the date of enactment of this Act. (2) COORDINATION WITH ELECTION PERIODS. —The Executive Director shall by regulation determine the first election period in which elections may be made consistent with the amendments made by this section. (3) DEFINITIONS. —For purposes of this section— (A) the term "election period" means a period afforded under section 8432(b) of title 5, United States Code; and (B) the term "Executive Director" has the meaning given such term by section 8401(13) of title 5, United States Code.
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