Page:United States Statutes at Large Volume 70.djvu/181

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[70 Stat. 125]
PUBLIC LAW 000—MMMM. DD, 1956
[70 Stat. 125]

70

STAT.]

125

PUBLIC LAW 503-MAY 1, 1956

fiduciary powers shall be assessed by the Comptroller of the Currency for the examination of their fiduciary activities a fee adequate to cover the expense thereof." Approved April 30, 1956. Public Law 503

CHAPTER 229

AN ACT To make certain increases in the annuities of annuitants under the Foreign Service retirement and disability system.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the annuity of an annuitant under the Foreign Service retirement and disability system pursuant to the Act of May 24, 1924 (43 Stat. 140), as amended, or the Foreign Service Act of 1946 (60 Stat. 999), as amended, shall be increased the first day of the second month following enactment of this Act in accordance with the following rules: If the annuitant was formerly a participant in the system, the annuity to which he is entitled shall be increased $324, provided he retired before July 1, 1949. SEC. 2. I n the case of an officer who retired before July 1, 1949, and elected a reduced annuity at time of retirement, and who availed himself of the restoration clause in section 821(b) of the Foreign Service Act of 1946, as amended, such officer shall be entitled to receive the increase provided by the first section of this Act. SEC. 3. If the annuitant is receiving an annuity on the effective date of this Act as the survivor of a former participant in the system who retired before July 1, 1949, the annuity shall be increased in the amount of $324 or in such larger amount as may be necessary to make the total annuity equal to $1,200; except that in no event shall such annuity be increased by any amount in excess of $324 if such increase would result in a total annuity greater than the annuity which such survivor would have been entitled to receive (as determined by the Secretary of State, taking into consideration any generally applicable pay increases but not any in-class increases or possible additional years of service) immediately prior to the eflfective date of this Act if such former participant had retired on November 13, 1950 (the date specified in Public Law 348, Eighty-second Congress). SEC. 4. If the wife of a Foreign Service officer who retired prior to July 1, 1949, becomes an annuitant subsequent to the effective date of this Act, as a result of the election made by the officer at time of retirement, such widow's annuity shall be increased in the amount of $324. SEC. 5. In any case where a participant under the Foreign Service retirement and disability system died before August 29, 1954, leaving a widow who is not entitled to receive an annuity under the system, the Secretary of State is authorized and directed to grant such widow an annuity of not to exceed $1,200 per annum, if he finds that such widow (whether remarried or not) is in actual need and without other adequate means of support. SEC. 6. In no case shall an annuity increased under this Act exceed the maximum annuity payable under section 821(a) or (b) of the Foreign Service Act of 1946, as amended. SEC. 7. No annuity currently payable to any annuitant under the Foreign Service retirement and disability system shall be reduced as a result of the provisions of this Act. Approved May 1, 1956.

May 1, 1956 [S. 128»]

Foreign Service* Retirement and disability. 22 USC 801 note; 1061 et eeq.

60 Stat. 1020. 22 USC 1076.

66 Stat. 8 2. 22 USC 1078.

60 Stat. 1020; 69 Stat. 537. 22 USC 10 76. Restriction.