272
SEC. 372. DEPOSIT REQUIREMENT CREDIT FOR SERVICE AS
A VOLUNTEER.
(a) CIVIL SERVICE RETIREMENT SYSTEM.—
(1) CREDITABLE
SERVICE.—Section 8332(j) of
title 5, United States Code, is amended—
(A) in paragraph (1)—
(i) in the first sentence, by inserting
‘‘the period of an individual’s service as a
full-time volunteer enrolled in a program of
at least 1 year’s duration under part A, B,
or C of title I of the Domestic Volunteer
Service Act of 1973,’’ after ‘‘Economic Op-
portunity Act of 1964,’’;
(ii) in the second sentence, by inserting
‘‘, as a full-time volunteer enrolled in a pro-
gram of at least 1 year’s duration under
part A, B, or C of title I of the Domestic
Volunteer Service Act of 1973,’’ after ‘‘Eco-
nomic Opportunity Act of 1964’’; and
(iii) in the last sentence—
(I) by inserting ‘‘or under part A,
B, or C of title I of the Domestic Vol-
unteer Service Act of 1973’’ after ‘‘Eco-
nomic Opportunity Act of 1964’’; and
(II) by inserting ‘‘or the Chair-
person of the Corporation for National
273
Service, as appropriate,’’ after ‘‘Direc-
tor of the Office of Economic Oppor-
tunity’’; and
(B) by adding at the end the following new
paragraph:
‘‘(3) The provisions of paragraph (1) relating to credit
for service as a volunteer or volunteer leader under the Eco-
nomic Opportunity Act of 1964, part A, B, or C of title
I of the Domestic Volunteer Service Act of 1973, or the Peace
Corps Act shall not apply to any period of service as a
volunteer or volunteer leader of an employee or Member
with respect to which the employee or Member has made
the deposit with interest, if any, required by section
8334(l).’’.
(2) DEDUCTIONS, CONTRIBUTIONS, AND DEPOS-
ITS.—
(A) IN GENERAL.—Section 8334 of title 5,
United States Code, is amended by adding at the
end the following new subsection:
‘‘(l)(1) Each employee or Member who has performed
service as a volunteer or volunteer leader under part A of
title VIII of the Economic Opportunity Act of 1964, as a
full-time volunteer enrolled in a program of at least 1 year’s
duration under part A, B, or C of title I of the Domestic
Volunteer Service Act of 1973, or as a volunteer or volunteer
274
leader under the Peace Corps Act before the date of the sepa-
ration on which the entitlement to any annuity under this
subchapter is based may pay, in accordance with such regu-
lations as the Office of Personnel Management shall issue,
an amount equal to 7 percent of the readjustment allowance
paid to the employee or Member under title VIII of the Eco-
nomic Opportunity Act of 1964 or section 5(c) or 6(1) of
the Peace Corps Act or the stipend paid to the employee
or Member under part A, B, or C of title I of the Domestic
Volunteer Service Act of 1973, for each period of service as
such a volunteer or volunteer leader.
‘‘(2) Any deposit made under paragraph (1) more than
2 years after the later of—
‘‘(A) October 1, 1993; or
‘‘(B) the date on which the employee or Member
making the deposit first becomes an employee or
Member,
shall include interest on such amount computed and
compounded annually beginning on the date of the expira-
tion of the 2-year period. The interest rate that is applicable
in computing interest in any year under this paragraph
shall be equal to the interest rate that is applicable for such
year under subsection (e).
‘‘(3) The Director of the Peace Corps and the Chair-
person of the Corporation for National Service shall furnish
275
such information to the Office of Personnel Management as
the Office may determine to be necessary for the adminis-
tration of this subsection.’’.
(B) 
CONFORMING
AMENDMENT.—Section
8334(e) of title 5, United States Code, is amend-
ed in paragraphs (1) and (2) by striking ‘‘or
(k)’’ each place that such term appears and in-
serting ‘‘(k), or (l)’’.
(b) FEDERAL EMPLOYEES’ RETIREMENT SYSTEM.—
(1) CREDITABLE SERVICE.—Section 8411 of title
5, United States Code, is amended—
(A) in subsection (b)(3), by striking ‘‘sub-
section (f)’’ and inserting ‘‘subsection (f) or (h)’’;
and
(B) by adding at the end the following new
subsection:
‘‘(h) An employee or Member shall be allowed credit
for service as a volunteer or volunteer leader under part
A of title VIII of the Economic Opportunity Act of 1964,
as a full-time volunteer enrolled in a program of at least
1 year’s duration under part A, B, or C of title I of the
Domestic Volunteer Service Act of 1973, or as a volunteer
or volunteer leader under the Peace Corps Act performed
at any time prior to the separation on which the entitle-
ment to any annuity under this subchapter is based if the
276
employee or Member has made a deposit with interest, if
any, with respect to such service under section 8422(f).’’.
(2) 
DEDUCTIONS, 
CONTRIBUTIONS.—Section
8422 of title 5, United States Code, is amended by
adding at the end the following new subsection:
‘‘(f)(1) Each employee or Member who has performed
service as a volunteer or volunteer leader under part A of
title VIII of the Economic Opportunity Act of 1964, as a
full-time volunteer enrolled in a program of at least 1 year’s
duration under part A, B, or C of title I of the Domestic
Volunteer Service Act of 1973, or as a volunteer or volunteer
leader under the Peace Corps Act before the date of the sepa-
ration on which the entitlement to any annuity under this
subchapter, or subchapter V of this chapter, is based may
pay, in accordance with such regulations as the Office of
Personnel Management shall issue, an amount equal to 3
percent of the readjustment allowance paid to the employee
or Member under title VIII of the Economic Opportunity
Service Act of 1964 or section 5(c) or 6(1) of the Peace
Corps Act or the stipend paid to the employee or Member
under part A, B, or C of title I of the Domestic Volunteer
Service Act of 1973, for each period of service as such a
volunteer or volunteer leader.
‘‘(2) Any deposit made under paragraph (1) more than
2 years after the later of—
277
‘‘(A) October 1, 1993, or
‘‘(B) the date on which the employee or Member
making the deposit first becomes an employee or
Member,
shall include interest on such amount computed and
compounded annually beginning on the date of the expira-
tion of the 2-year period. The interest rate that is applicable
in computing interest in any year under this paragraph
shall be equal to the interest rate that is applicable for such
year under section 8334(e).
‘‘(3) The Director of the Peace Corps and the Chair-
person of the Corporation for National Service shall furnish
such information to the Office of Personnel Management as
the Office may determine to be necessary for the adminis-
tration of this subsection.’’.
(c) APPLICABILITY AND OTHER PROVISIONS.—
(1) APPLICABILITY.—
(A) AMENDMENTS RELATING TO CSRS.—
(i) IN
GENERAL.—The amendments
made by subsection (a) shall apply with re-
spect to any individual entitled to an annu-
ity on the basis of a separation from service
occurring on or after the effective date of
this subtitle.
278
(ii) RULES
RELATING
TO
ANNUITIES
BASED ON EARLIER SEPARATIONS.—An an-
nuity under subchapter III of chapter 83 of
title 5, United States Code, payable to an
individual based on a separation from serv-
ice occurring before the effective date of this
subtitle shall be subject to the provisions of
paragraph (2).
(B) AMENDMENTS RELATING TO FERS.—
(i) IN
GENERAL.—The amendments
made by subsection (b) shall apply with re-
spect to any individual entitled to an annu-
ity on the basis of a separation from service
occurring before, on, or after the effective
date of this subtitle, subject to clause (ii).
(ii) RULE
RELATING
TO
ANNUITIES
BASED ON EARLIER SEPARATIONS.—In the
case of any individual whose entitlement to
an annuity is based on a separation from
service occurring before the effective date of
this subtitle, any increase in such individ-
ual’s annuity on the basis of a deposit made
under section 8442(f) of title 5, United
States Code, as amended by subsection
(b)(2), shall be effective beginning with the
279
annuity payment payable for the first cal-
endar month beginning after the effective
date of this subtitle.
(2) SPECIAL RULES.—
(A) OLD-AGE
OR
SURVIVORS
INSURANCE
BENEFITS.—Subject to subparagraph (B), in
any case in which an individual described in
paragraph (1)(A)(ii) is also entitled to old-age or
survivors insurance benefits under section 202 of
the Social Security Act (or would be entitled to
such benefits upon filing an application there-
for), the amount of the annuity to which such in-
dividual is entitled under subchapter III of
chapter 83 of title 5, United States Code (after
taking into account any creditable service as a
volunteer or volunteer leader under the Economic
Opportunity Act of 1964, the Domestic Volunteer
Service Act of 1973, or the Peace Corps Act)
which is payable for any month shall be reduced
by an amount determined by multiplying the
amount of such old-age or survivors insurance
benefit for the determination month by a frac-
tion—
(i) the numerator of which is the total
of the wages (within the meaning of section
280
209 of the Social Security Act) for service
as a volunteer or volunteer leader under the
Economic Opportunity Act of 1964, the Do-
mestic Volunteer Service Act of 1973, or the
Peace Corps Act of such individual credited
for years before the calendar year in which
the determination month occurs, up to the
contribution and benefit base determined
under section 230 of the Social Security Act
(or other applicable maximum annual
amount referred to in section 215(e)(1) of
such Act for each such year); and
(ii) the denominator of which is the
total of all wages described in clause (i),
plus all other wages (within the meaning of
section 209 of such Act) and all self-employ-
ment income (within the meaning of section
211(b) of such Act) of such individual cred-
ited for years after 1936 and before the cal-
endar year in which the determination
month occurs, up to the contribution and
benefit base (or such other amount referred
to in section 215(e)(1) of such Act for each
such year.
(B) LIMITATIONS.—
281
(i) Subparagraph (A) shall not reduce
the annuity of an individual below the
amount of the annuity which would be pay-
able to the individual for the determination
month if the provisions of section 8332(j) of
title 5, United States Code, relating to serv-
ice as a volunteer or volunteer leader, ap-
plied to the individual for such month.
(ii) Subparagraph (A) shall not apply
in the case of an individual who, prior to
the date of enactment of this Act, made a
deposit for under section 8334(c) of title 5,
United States Code, with respect to service
as a volunteer or volunteer leader (as de-
scribed in subparagraph (A)).
(iii) 
DETERMINATION
MONTH.—For
purposes of this paragraph, the term ‘‘deter-
mination month’’ means—
(I) the first month the individual
described in paragraph (1)(A)(ii) is
entitled to old-age or survivors benefits
under section 202 of the Social Secu-
rity Act (or would be entitled to such
benefits upon filing an application
therefor); or
282
(II) the first calendar month be-
ginning after the date of enactment of
this Act, in the case of any individual
entitled to such benefits for such
month.
(iv) RULE
RELATING
TO
ANNUITIES
BASED ON EARLIER SEPARATIONS.—Any in-
crease in an annuity which occurs by virtue
of the enactment of this paragraph shall be
effective beginning with the annuity pay-
ment payable for the first calendar month
beginning after the effective date of this sub-
title.
(3) FURNISHING
OF
INFORMATION.—The Sec-
retary of Health and Human Services shall furnish
such information to the Office of Personnel Manage-
ment as may be necessary to carry out this sub-
section.
(4) ACTION TO INFORM INDIVIDUALS.—The Di-
rector of the Office of Personnel Management shall
take such action as may be necessary and appropriate
to inform individuals entitled to credit under this sec-
tion for service as a volunteer or volunteer leader, or
to have any annuity recomputed, or to make a de-
posit under this section, of such entitlement.