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of an election (or deemed election) by such
individual under section 111(b)(2) of such
Act;
‘‘(II) described in section 131(a)(1) of
such Act, on or after the effective date of
an election (or deemed election) by such in-
dividual under subsection (b)(2) or (c)(1)
of section 131 of such Act; or
‘‘(III) described in section 151(a) of
such Act, on or after the effective date of
an election (or deemed election) by such in-
dividual under subsection (b)(2) or (c)(1)
of section 151 of such Act;’’.
SEC. 206. REGULATIONS.
(a) IN GENERAL.—Any regulations necessary to
carry out this Act shall be prescribed by the Director of
the Office of Personnel Management, the Executive Direc-
tor of the Federal Retirement Thrift Investment Board,
the Commissioner of Social Security, the Secretary of the
Treasury, and any other appropriate authority, with re-
spect to matters within their respective areas of jurisdic-
tion.
(b) MATTERS TO BE INCLUDED.—The regulations
prescribed by the Director of the Office of Personnel Man-
agement shall include at least the following:
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(1) FORMER
EMPLOYEES, ANNUITANTS, AND
SURVIVOR ANNUITANTS.—
(A) IN GENERAL.—Provisions under which,
to the maximum extent practicable and in ap-
propriate circumstances, any election available
to an employee under subtitle A, B, D, or F of
title I shall be available to a former employee,
annuitant, or survivor annuitant.
(B) SUBTITLE C SITUATIONS.—Provisions
under which subtitle C of title I shall apply in
the case of a former employee.
(C) SUBTITLE E SITUATIONS.—Provisions
under which the purposes of this paragraph
shall be carried with respect to any situation
under subtitle E of title I.
(2) FORMER SPOUSES.—Provisions under which
appropriate notification shall be afforded to any
former spouse affected by a change in retirement
coverage pursuant to this Act.
(3) PROCEDURAL REQUIREMENTS.—Provisions
establishing the procedural requirements in accord-
ance with which any determinations under this Act
(not otherwise addressed in this Act) shall be made,
in conformance with the requirements of this Act.
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(4) AUTHORITY TO MAKE ACTUARIAL REDUC-
TION IN ANNUITY BY REASON OF CERTAIN UNPAID
AMOUNTS.—Provisions under which any payment re-
quired to be made by an individual to the Govern-
ment in order to make an election under this Act
which remains unpaid may be made by a reduction
in the appropriate annuity or survivor annuity. The
reduction shall, to the extent practicable, be de-
signed so that the present value of the future reduc-
tion is actuarially equivalent to the amount so re-
quired.
(c) DEFINITIONS.—For purposes of this section—
(1) the term ‘‘annuitant’’ means any individual
who is an annuitant as defined by section 8331(9)
or 8401(2) of title 5, United States Code; and
(2) the term ‘‘former employee’’ includes any
former employee who satisfies the service require-
ment for title to a deferred annuity under chapter
83 or 84 of such title 5 (as applicable), but—
(A) has not attained the minimum age re-
quired for title to such an annuity; or
(B) has not filed claim therefor.
(d) COORDINATION RULE.—In prescribing regula-
tions to carry out this Act, the Director of the Office of
Personnel Management shall consult with—
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(1) the Administrative Office of the United
States Courts;
(2) the Clerk of the House of Representatives;
(3) the Sergeant at Arms and Doorkeeper of
the Senate; and
(4) other appropriate officers or authorities.
(e) EFFECTIVE DATE.—All regulations necessary to
carry out this Act shall take effect as of the first day of
the first month beginning after the end of the 6-month
period beginning on the date of enactment of this Act.
SEC. 207. ALL ELECTIONS TO BE APPROVED BY OPM.
Notwithstanding any other provision of this Act, no
election under this Act (other than an election by default)
may be given effect until the Office of Personnel Manage-
ment has determined, in writing, that such election is in
compliance with the requirements of this Act.
SEC. 208. ADDITIONAL TRANSFERS TO OASDI TRUST FUNDS
IN CERTAIN CASES.
If the Commissioner of Social Security determines
that the payment of the OASDI taxes described in this
Act did not result in a credit to the OASDI trust funds
of an equal amount, the Commissioner of Social Security
shall notify the Secretary of the Treasury of the amount
of any shortfall. Promptly upon receiving such notifica-
tion, the Secretary of the Treasury shall transfer an
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amount equal to such shortfall from the general fund of
the Treasury to the OASDI trust funds.
SEC. 209. TECHNICAL AND CONFORMING AMENDMENTS.
(a) AMENDMENT RELATING
TO LIMITATION
ON
SOURCES FROM WHICH CONTRIBUTIONS TO THE THRIFT
SAVINGS FUND ARE ALLOWED.—Section 8432(h) of title
5, United States Code, is amended by striking ‘‘title.’’ and
inserting ‘‘title or the Federal Retirement Coverage Cor-
rections Act.’’.
(b) DESCRIPTION
OF AMOUNTS COMPRISING
THE
THRIFT SAVINGS FUND.—Section 8437(b) of title 5,
United States Code, is amended by striking ‘‘expenses).’’
and inserting ‘‘expenses), as well as contributions under
the Federal Retirement Coverage Corrections Act (and
lost earnings made up under such Act).’’.
(c) ADMINISTRATIVE EXPENSES.—
(1) THRIFT SAVINGS PLAN.—Section 8437(d)
of title 5, United States Code, is amended by insert-
ing ‘‘(including the provisions of the Federal Retire-
ment Coverage Corrections Act that relate to this
subchapter)’’ after ‘‘this subchapter’’.
(2) 
CSRS, 
CSRS-OFFSET, 
FERS.—Section
8348(a)(2) of title 5, United States Code, is amend-
ed by striking ‘‘statutes;’’ and inserting ‘‘statutes
(including the provisions of the Federal Retirement
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Coverage Corrections Act that relate to this sub-
chapter);’’.
(3) MSPB.—Section 8348(a)(3) of title 5,
United States Code, is amended by striking ‘‘title.’’
and inserting ‘‘title and the Federal Retirement Cov-
erage Corrections Act.’’.
TITLE III—OTHER PROVISIONS
SEC. 301. PROVISIONS TO PERMIT CONTINUED CONFORM-
ITY OF OTHER FEDERAL RETIREMENT SYS-
TEMS.
(a) FOREIGN SERVICE.—The Secretary of State shall
issue regulations to provide for the application of the pro-
visions of this Act in a like manner with respect to partici-
pants, annuitants, or survivors under the Foreign Service
Retirement and Disability System or the Foreign Service
Pension System (as applicable), except that—
(1) any individual aggrieved by a final deter-
mination shall appeal such determination to the For-
eign Service Grievance Board instead of the Merit
Systems Protection Board under section 202; and
(2) the Secretary of State shall perform the
functions and exercise the authority vested in the
Office of Personnel Management or the Director of
the Office of Personnel Management under this Act.
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(b) CENTRAL
INTELLIGENCE
AGENCY.—Sections
292 and 301 of the Central Intelligence Agency Retire-
ment Act (50 U.S.C. 2141 and 2151) shall apply with re-
spect to this Act in the same manner as if this Act were
part of—
(1) the Civil Service Retirement System, to the
extent this Act relates to the Civil Service Retire-
ment System; and
(2) the Federal Employees’ Retirement System,
to the extent this Act relates to the Federal Employ-
ees’ Retirement System.
SEC. 302. PROVISIONS TO PREVENT REDUCTIONS IN FORCE
AND ANY UNFUNDED LIABILITY IN THE
CSRDF.
(a) PROVISIONS
TO
PREVENT
REDUCTIONS
IN
FORCE.—
(1) LIMITATION.—An agency required to make
any payments under this Act may not conduct any
reduction in force solely by reason of any current or
anticipated lack of funds attributable to such pay-
ments.
(2) ALTERNATIVE
REQUIRED.—In the cir-
cumstance described in paragraph (1), any cost sav-
ings that (but for this subsection) would otherwise
be sought through reductions in force shall instead