Source: http://www.law.cornell.edu/uscode/text/33/763?quicktabs_8=1
Timestamp: 2014-08-23 07:29:21
Document Index: 788489264

Matched Legal Cases: ['§ 763', '§ 763', '§ 763', '§ 6', '§ 1', '§ 1', '§ 1', '§ 6', '§ 6', '§ 2', '§ 2', '§ 2']

33 U.S. Code § 763 - Retirement for age of officers and employees generally; retirement pay; waiver of retirement pay | LII / Legal Information Institute
U.S. Code › Title 33 › Chapter 16 › § 763 33 U.S. Code § 763 - Retirement for age of officers and employees generally; retirement pay; waiver of retirement pay
All officers and employees engaged in the field service or on vessels of the Lighthouse Service, except persons continuously employed in district offices or shop, who (1)
shall have reached the age of fifty-five years, after having been thirty years in the active service of the Government, (2)
shall have reached the age of sixty-two years, after having been twenty-five years in the active service of the Government, or (3)
are involuntarily separated from further performance of duty, except by removal for cause on charges of misconduct or delinquency, after completing twenty-five years in the active service of the Government, or after completing twenty years of such service and after reaching the age of fifty years, may at their option be retired from further performance of duty; and all such officers and employees who shall have reached the age of seventy years shall be compulsorily retired from further performance of duty: Provided, That the annual compensation of persons so retired shall be a sum equal to one-fortieth of the average annual pay received for the last three years of service for each year of active service in the Lighthouse Service, or in a department or branch of the Government having a retirement system, not to exceed in any case thirty-fortieths of such average annual pay received: Provided further, That the retirement pay computed under the preceding proviso for any such officer or employee retiring under clause (3) shall be reduced by one-sixth of 1 per centum for each full month the officer or employee is under fifty-five years of age at the date of retirement: Provided further, That such retirement pay shall not include any amount on account of subsistence or other allowance: Provided further, That the retirement provisions and pay shall not apply to persons in the field service of the Lighthouse Service whose duties do not require substantially all their time. Any person entitled to retirement pay under this section may decline to accept all or any part of such retirement pay by a waiver signed and filed with the Secretary of the Treasury. Such waiver may be revoked in writing at any time, but no payment of the retirement pay waived shall be made covering the period during which such waiver was in effect.
(June 20, 1918, ch. 103, § 6,40 Stat. 608; Nov. 4, 1918, ch. 201, § 1,40 Stat. 1036; June 21, 1955, ch. 170, § 1,69 Stat. 166; Pub. L. 85–142, Aug. 14, 1957, 71 Stat. 365; Pub. L. 90–164, § 1,Nov. 29, 1967, 81 Stat. 519; Pub. L. 92–455, § 6(a),Oct. 2, 1972, 86 Stat. 761.)
1972—Pub. L. 92–455inserted cl. (3), substituted “three” for “five” years of service in first proviso, and inserted proviso for reduction of retirement pay computed under cl. (3) by one-sixth of 1 per centum for each full month the officer or employee is under fifty-five years of age at the date of retirement.
1967—Pub. L. 90–164lowered voluntary retirement age from sixty to fifty-five years for those officers and employees having thirty years of active service.
1957—Pub. L. 85–142inserted provisions allowing waiver of retirement pay.
Pub. L. 92–455, § 6(b),Oct. 2, 1972, 86 Stat. 761, provided that: “The amendments made by subsection (a) of this section [amending this section] shall apply with respect to officers and employees to which such section 6 [amending this section] applies who are involuntarily separated or retired on or after the date of the enactment of this Act [Oct. 2, 1972].”
Pub. L. 90–164, § 2,Nov. 29, 1967, 81 Stat. 519, provided that: “The amendment made by this Act [amending this section] shall take effect on the first day of the second month which begins after the date of enactment of this Act [Nov. 29, 1967].”
Act June 21, 1955, ch. 170, § 2,69 Stat. 167, provided that: “This Act [amending this section] shall take effect on the first day of the second month beginning after the date of enactment of this Act [June 21, 1955].”
Bureau of Lighthouses, of which Lighthouse Service was a part, transferred and consolidated with Coast Guard by Reorg. Plan No. II of 1939, § 2(a), eff July 1, 1939, 4 F.R. 2731, 53 Stat. 1432, set out in the Appendix to Title 5, Government Organization and Employees.
Pub. L. 94–178, Dec. 23, 1975, 89 Stat. 1033, provided: “That the annual rate of retired pay received by a person under section 6 of the Act of June 20, 1918, as amended and supplemented (33 U.S.C. 736–765), who was retired on or before October 1, 1972, shall, effective on the first day of the calendar month following enactment of this Act [Dec. 23, 1975], be increased by $270.”
Pub. L. 90–165, Nov. 29, 1967, 81 Stat. 519, provided: “That effective on the first day of the first month which begins after the date of enactment of this Act [Nov. 29, 1967], the annual rate of retired pay of a person retired under section 6 of the Act of June 20, 1918 (33 U.S.C. 763), shall be increased by 11.3 per centum if such person retired prior to January 1, 1966, or by 4.1 per centum if such person retired after December 31, 1965, but before January 1, 1967.”
Pub. L. 89–201, Sept. 25, 1965, 79 Stat. 834, provided: “That the annual rate of retired pay of each person retired prior to January 1, 1963, under section 6 of the Act of June 20, 1918, as amended and supplemented [this section], shall be increased by 6.5 per centum, effective on the first day of the first calendar month following the date of enactment of this Act [Sept. 25, 1965].”
Pub. L. 86–361, Sept. 22, 1959, 73 Stat. 643, provided: “That the annual rate of retired pay of each person retired prior to January 1, 1958, under section 6 of the Act of June 20, 1918, as amended and supplemented [this section], shall be increased, effective on the first day of the first calendar month following the date of enactment of this Act [Sept. 22, 1959], by 10 per centum, or $150 per annum, whichever is the greater.”
Act Aug. 27, 1954, ch. 1010, 68 Stat. 878, as amended May 11, 1955, ch. 36, 69 Stat. 47, provided: “That the annual rate of retired pay received by any person who was retired on or before June 30, 1953, under section 6 of the Act of June 20, 1918, as amended and supplemented (section 763 of this title), shall be increased, effective on the first day of the calendar month following enactment of this Act, by 15 per centum of $264, whichever is the lesser: Provided, That no retired pay shall be increased to an amount in excess of $2,160 by reason of this Act.”
Cost-of-Living Adjustment to Retiree’s Annuity
Adjustment of annuities of retired officers and employees based on cost-of-living increases, see section 2 ofPub. L. 90–163, Nov. 29, 1967, 81 Stat. 518, set out as a note under section 771 of this title.