22 USC 4071e - Deductions and withholdings from pay

U.S Code last checked for updates: Nov 22, 2024

§ 4071e.

Deductions and withholdings from pay

(a)

Basic pay

(1)

The employing agency shall deduct and withhold from the basic pay of each participant the applicable percentage of basic pay specified in paragraph (2) of this subsection minus the percentage then in effect under section 3101(a) of title 26 (relating to the rate of tax for old age, survivors, and disability insurance).

(2)

(A)

The applicable percentage for a participant other than a revised annuity participant or a further revised annuity participant shall be as follows:


	7.5	Before January 1, 1999.
	7.75	January 1, 1999, to December 31, 1999.
	7.9	January 1, 2000, to December 31, 2000.
	7.55	After January 11, 2003.

(B)

The applicable percentage for a revised annuity participant shall be as follows:


	9.85	After December 31, 2012

(C)

The applicable percentage for a further revised annuity participant shall be as follows:


	11.15	After December 31, 2013.

(b)

Consent to deductions; discharge of claims

(c)

Deposit of amounts

(d)

Entry on individual retirement records

(Pub. L. 96–465, title I, § 856, as added Pub. L. 99–335, title IV, § 415, June 6, 1986, 100 Stat. 618; amended Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095; Pub. L. 105–33, title VII, § 7001(e)(1)(A), Aug. 5, 1997, 111 Stat. 661; Pub. L. 106–346, § 101(a) [title V, § 505(e)(1)], Oct. 23, 2000, 114 Stat. 1356, 1356A–53; Pub. L. 107–228, div. A, title III, § 322(b)(2), Sept. 30, 2002, 116 Stat. 1384; Pub. L. 112–96, title V, § 5002(b), Feb. 22, 2012, 126 Stat. 200; Pub. L. 113–67, div. A, title IV, § 402(b), Dec. 26, 2013, 127 Stat. 1185.)

cite as: 22 USC 4071e