Contributions to Fund

Except as otherwise provided in this section, 7.25 percent of the basic salary received by each participant shall be deducted from the salary and contributed to the Fund for the payment of annuities, cash benefits, refunds, and allowances. The contribution by the employing agency shall be a percentage of basic salary equal to the percentage in effect under section 7001(d)(1) of the Balanced Budget Act of 1997 ( Public Law 105–33 ; 22 U.S.C. 4045 note), and section 505(h) of the Department of Transportation and Related Agencies Appropriations Act, 2001 (as enacted by Public Law 106–346 ; 114 Stat. 1356 A–54), plus .25 percent of basic salary, and shall be made from the appropriations or fund used for payment of the salary of the participant. The employing agency shall deposit in the Fund the amounts deducted and withheld from basic salary and the amounts contributed by the employing agency.

( Pub. L. 96–465, title I, § 805 , Oct. 17, 1980 , 94 Stat. 2104 ; Ex. Ord. No. 12446, § 4(a), Oct. 17, 1983 , 48 F.R. 48444; Pub. L. 99–335, title IV , §§ 402(a)(2), 405, June 6, 1986 , 100 Stat. 609 , 610; Pub. L. 99–514, § 2 , Oct. 22, 1986 , 100 Stat. 2095 ; Pub. L. 100–238, title II, § 212 , Jan. 8, 1988 , 101 Stat. 1773 ; Pub. L. 102–499, § 4(a) , (b), Oct. 24, 1992 , 106 Stat. 3265 ; Pub. L. 105–33, title VII, § 7001(d)(2)(C) , (D), Aug. 5, 1997 , 111 Stat. 660 , 661; Pub. L. 105–382, § 2(b) , (c), Nov. 13, 1998 , 112 Stat. 3407 ; Pub. L. 106–346, § 101(a) [title V, § 505(d)(2)] , Oct. 23, 2000 , 114 Stat. 1356 , 1356A–53; Pub. L. 107–228, div. A, title III, § 322(a)(2) , Sept. 30, 2002 , 116 Stat. 1384 ; Pub. L. 112–96, title V, § 5001(c)(2)(D) , Feb. 22, 2012 , 126 Stat. 200 ; Pub. L. 117–225, § 3(b)(2)(B)(i) , Dec. 9, 2022 , 136 Stat. 2296 .)